The Trillion Dollar Club [Infographic]

Posted on June 21, 2022June 18, 2022

Emilie Fern https://www.approve.com 1m 368 #trillion

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

In light of reports stating Elon Musk may pull out of the $44bn Twitter deal, I just wanted to drop you a quick follow up on the research I sent, which revealed Elon Musk is set to be the world’s first trillionaire by 2024.

A new study from Approve has predicted the world’s first trillionaires by comparing the annual net worths of the top 30 richest people and their annual growth rate to estimate how soon each of them will reach one trillion dollars.

The world’s first trillionaires

Rank	Name	Industry	Current age	Average annual net worth growth	Estimated year of trillion dollar valuation	Estimated age at trillion dollar valuation
1	Elon Musk	Automotive & Aerospace	50	129%	2024	52
2	Gautam Adani & Family	Diversified	59	121%	2025	62
3	Zhang Yiming	Technology	38	123%	2026	42
4	Mukesh Ambani	Diversified	64	43%	2029	71
4	Bernard Arnault	Fashion & Retail	72	27%	2029	79
6	Jeff Bezos	Technology	57	24%	2030	65

The world’s richest person, Elon Musk, who could possibly be purchasing Twitter, has an estimated net worth of $263 billion with an average annual net growth of 129%. This means his net worth could potentially hit a trillion dollars in as little as two years, at the age of 52.

Gautam Adani & family own the commodity trading business Adani Group (one of India’s most profitable companies). Adani would be a year behind Musk, reaching trillionaire status in 2025, at the age of 62 at his current rate of 121% growth.

At just 38 years old, Zhang Yiming is founder and chairman of Beijing ByteDance Technology Co, which is considered to be one of the world’s most valuable start-ups. The business is predicted to make Zhang Yiming a trillionaire in 2026, at the age of 42.

Further Findings

Zhang Yiming is set to be the youngest trillionaire, potentially reaching trillionaire status by 2026 when he is just 42, with a 123% average annual net growth.
The technology sector is set to produce the most trillionaires, with six of the top ten trillionaires working in the sector. For example, Amazon’s founder, Jeff Bezos ranks in sixth place, potentially reaching trillionaire status by 2030.
Bernard Arnault, chairman and chief executive of luxury goods company Moët Hennessy Louis Vuitton (LVMH), is the only trillionaire in the top ten from the fashion industry, predicted to reach trillionaire status in 2029.

You can view the full research here: https://www.approve.com/the-trillion-dollar-club/

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