Elon Musk could become the world’s first trillionaire

  • Elon Musk is the richest man in the world
  • However figures show he keeps getting richer
  • He’s predicted to become the first trillionaire in the world by 2034

Published on Jan 16, 2024 at 3:11 PM (UTC+4)
by Amelia Jean Hershman-Jones

Last updated on Jan 17, 2024 at 5:45 PM (UTC+4)
Edited by Alessandro Renesis

Elon Musk is already the richest man in the world – but the figures show he just keeps getting richer and could become the first trillionaire in the world.

Despite massive, record-breaking losses in 2023, he ended the year richer than the previous one.

Tesla had setbacks like the Cybertruck costing more than expected and the pickup being unlikely to make it to Europe.

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The EV company lost more than $94 billion in market valuation in the first two weeks of 2024, per Fortune.

Largely due to the forecasted success of SpaceX, it’s thought he’ll reach the unprecedented financial milestone of trillionaire by 2034.

And, despite setbacks like failed launches in the soon-to-be trillionaire CEO’s bid to make life “multiplanetary”, it’s had massive achievements.

What’s more, the space mission of Elon Musk partnered with NASA and gained a contract to resupply the International Space Station – both key factors in helping Musk’s wealth rocket to infinity and beyond.

SpaceX’s growing achievements in space exploration and its partnership with NASA, which includes contracts for resupplying the International Space Station (ISS), are key factors driving Musk’s wealth growth.

Although some of his other business endeavors are highly successful, it is SpaceX that is expected to be the primary contributor to Elon Musk reaching the trillion-dollar mark​​.

Musk topped Forbes’ list of the world’s wealthiest people as of 1 January, 2024 after being overtaken in the world’s richest man list by Bernard Arnault in 2023.

The combined wealth of the 10 richest men totals almost $1.47 trillion.

According to data from Forbes, this total is $350 billion higher than the combined net worth of 2023.

That came to $1.12 trillion.

And Musk is in good company with familiar names including Bill Gates and Mark Zuckerberg up there with him in seventh and fifth place respectively.

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All Supercar Blondie contributors undergo editorial review and fact-checking to ensure accuracy and authority in automotive journalism. After gaining her BA Hons in French and English at the University of Nottingham, Amelia embarked on a vocational diploma from the National Council for the Training of Journalists (NCTJ). This led to numerous opportunities, from interning at Vogue to being on the small team that launched Women’s Health magazine in the UK, which was named the PPA Consumer magazine of the year for three years running. As Health, Beauty and Fitness editor, Amelia personally received a Johnson & Johnson Award and was shortlisted for both PPA and BSME titles. Since then, Amelia has created content for numerous titles and brands, including the Telegraph, 111 Skin, Waitrose, Red magazine, Stylist, and Elle, as well as being Head of Content at Vitality and Editor in Chief at INLondon magazine. “My superpower is translating technical jargon about the mechanical workings of a supercar into a relatable story you’ll want to share with your friends after you’ve read it.” After joining the SB Media family as a senior journalist in September of 2023, Amelia’s role has evolved to see her heading up the SEO output of the editorial team. From researching the most ‘Google-able’ key terms to producing evergreen content - it’s been a time of hard work, growth, and success for the editorial team and the Supercar Blondie website. “I like to think of myself as a ‘method journalist’. In other words: I live and breathe whatever I am writing about. When writing about fitness, I trained as a personal trainer, and as a beauty editor, I completed an ‘expert’ in scent diploma with the Fragrance Foundation. “During my tenure at Supercar Blondie, however, I did something I never thought possible: I passed my driving test at the age of 36. One day I’d love to train as a mechanic to better understand what happens under the hood, too. “My sweet spot is providing readers with a ‘takeaway’ (read: something new they didn’t know before) after reading every one of my stories. While I don’t claim to be an expert in the automotive world, I know the experts and bodies in the field to rely on to provide our readers with an informative and thought-provoking story every time they visit the site.”