While Tesla and SpaceX CEO Elon Musk is outspoken and can rub many people the wrong way on a regular basis, there's no doubt he's achieved extreme success. That said, he's arguably just beginning his interesting journey, with grand plans for an epic future. According to a new study, Musk could become the first trillionaire as soon as 2024.

Predictions such as this are hard to make, and they should remain as predictions until they actually come true, if ever. However, years ago, there were predictions that Tesla would eventually become a trillion-dollar company. Back in 2018, Musk himself told CNBC:
"I actually see the potential for Tesla to become a trillion-dollar company within a 10-year period."

Of course, many people pushed back against the prediction, with some predicting that Tesla would be bankrupt much sooner. Interestingly, Musk's prediction of Tesla becoming a trillion-dollar company by 2028 was right and wrong. This is because, it happened in 2021, seven years ahead of the prediction, though he did say, "within a 10-year period." Musk responded to the news with just two words.
"Wild $T1mes!".

As Tesla grows and its stock rises, Musk becomes more wealthy. However, despite his global public appearances and private jet trips across the globe, people who are close to him have shared that he doesn't really put an emphasis on wealth or make a point to live in luxury. The CEO sold his expensive homes in California and now lives in a small home in Texas.

According to a new study published by Tipalti Approve, crunching the numbers reveals that Musk could become the world's first trillionaire as soon as 2024. Our friend at Teslarati cited Forbes' Real Time Billionaires list stating that Musk's current net worth is estimated at over $260 billion.

The information from the study was published by Yahoo! Finance. The Approve report claims.
"Since 2017, Musk’s fortune has shown an annual average increase of 129%, which could potentially see him enter the trillion-dollar club in just two short years, achieving a net worth of $1.38 trillion by 2024 at age 52. SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, ISS supplies, and people."

Source: Re-posted and Summarized from Steven Loveday at insideevs.

My Take: Take my word on this. Tesla will be the biggest company in history and Elon, the wealthiest man in history.

Re Posted From: Elon Musk May Be The Worlds First Trillionaire By 2024

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While Tesla and SpaceX CEO Elon Musk is outspoken and can rub many people the wrong way on a regular basis, there's no doubt he's achieved extreme success. That said, he's arguably just beginning his interesting journey, with grand plans for an epic future. According to a new study, Musk could become the first trillionaire as soon as 2024.

Predictions such as this are hard to make, and they should remain as predictions until they actually come true, if ever. However, years ago, there were predictions that Tesla would eventually become a trillion-dollar company. Back in 2018, Musk himself told CNBC:
"I actually see the potential for Tesla to become a trillion-dollar company within a 10-year period."

Of course, many people pushed back against the prediction, with some predicting that Tesla would be bankrupt much sooner. Interestingly, Musk's prediction of Tesla becoming a trillion-dollar company by 2028 was right and wrong. This is because, it happened in 2021, seven years ahead of the prediction, though he did say, "within a 10-year period." Musk responded to the news with just two words.
"Wild $T1mes!".

As Tesla grows and its stock rises, Musk becomes more wealthy. However, despite his global public appearances and private jet trips across the globe, people who are close to him have shared that he doesn't really put an emphasis on wealth or make a point to live in luxury. The CEO sold his expensive homes in California and now lives in a small home in Texas.

According to a new study published by Tipalti Approve, crunching the numbers reveals that Musk could become the world's first trillionaire as soon as 2024. Our friend at Teslarati cited Forbes' Real Time Billionaires list stating that Musk's current net worth is estimated at over $260 billion.

The information from the study was published by Yahoo! Finance. The Approve report claims.
"Since 2017, Musk’s fortune has shown an annual average increase of 129%, which could potentially see him enter the trillion-dollar club in just two short years, achieving a net worth of $1.38 trillion by 2024 at age 52. SpaceX generates massive incomes by charging governmental and commercial clients to send various things into space, including satellites, ISS supplies, and people."

Source: Re-posted and Summarized from Steven Loveday at insideevs.

My Take: Take my word on this. Tesla will be the biggest company in history and Elon, the wealthiest man in history.

Re Posted From: Elon Musk May Be The Worlds First Trillionaire By 2024

Auto Helpers