Benzinga Asks: Could Elon Musk Become The First Trillionaire? 1 In 3 Say This
The world’s richest person turned 51 last week. Tesla Inc (NASDAQ: TSLA) and SpaceX founder Elon Musk is the third youngest person ranked in the top ten richest people in the world.
What Happened: Thanks to a rise in the valuations of Tesla and SpaceX, Musk has seen his wealth soar in recent years, which has prompted the question of if he could become the first trillionaire.
A study from Approve.com done earlier this year compared the net worths of billionaires and their average annual gain to see if anyone was on pace to become a trillionaire.
The study predicted that Musk would become the first trillionaire in 2024, at 52, assuming his net worth rises at the current annual average of 129% — among the best rates for billionaires.
At the time of writing, Musk is worth $210 billion. He has lost $60 billion in 2022, as the price of Tesla has skid 43% year-to-date.
Tesla returning to new highs and the potential of a SpaceX IPO remain potential catalysts to increase Musk's wealth.
Related Link: Happy Birthday Elon Musk: 51 Facts And Figures About Tesla And SpaceX CEO On His 51st Birthday
Benzinga Asks: A recent poll by Benzinga among its Twitter Inc (NYSE: TWTR) followers asked about Musk becoming a trillionaire.
“Elon Musk turned 51 today and is the richest person with a wealth of $233 billion. At what age do you think Musk will be a trillionaire?” the poll asked.
The poll gave three possible age ranges for Musk to reach $1 trillion in wealth, along with a possible answer of "never." These were the results:
- 51-55: 17.8%
- 55-60: 26.1%
- 60 or older: 23.2%
- Never: 33%
The most common answer among those polled was "never," which garnered 33% of total votes. On the flip side, that means that 67% of people believe Musk could become a trillionaire in the future.
The most common age range for Musk to be a predicted trillionaire was 55-60, which would put Musk on pace to become one between 2026 and 2031.
Follow Benzinga on Twitter for more weekly polls.
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