Elon Musk is reportedly on track to become the world’s first trillionaire, according to a CNN report published on June 4. The outlet said the billionaire’s fortune could surpass US$1 trillion if SpaceX’s upcoming IPO reaches its projected valuation, potentially adding hundreds of billions to his net worth on top of his Tesla holdings.
Musk is already the richest person in the world, with most of his wealth tied to stocks and investor confidence in his companies rather than cash holdings. Even the combined fortunes of tech billionaires Jeff Bezos, Larry Page, Sergey Brin, and Larry Ellison reportedly fall just short of Musk’s projected wealth.
Indeed, the staggering rise in billionaire fortunes comes as much of the world continues to face a cost-of-living crisis marked by rising housing, food, and utility prices. Click through the following gallery to discover the billionaires tipped to become the world’s first trillionaires.