As we move towards the close of the year 2024, the world is seeing mankind’s first trillionaire. While companies have a long time ago exceeded the trillion mark, no one has yet been able to amass such an amount of personal wealth. Here is the list of the top 10 people who may cross this line based on present-day growth rates and estimated growth rates of the future.
As of today, the world’s richest person is an entrepreneur Elon Musk, who is the founder of the companies Tesla and SpaceX. With a current net worth of $251 billion and a wealth growth of 110% every year, Musk is on course to become the first trillionaire in human existence by 2027. His endeavors in electric cars, space tourism, and brain-computer interfaces are still in the frontier of inventiveness and value addition.
India’s Gautam Adani, founder of the Adani Group of companies has been one of the beneficiaries of this growth. Adani for instance has business interests in ports, power generation, renewable energy, and many more, and is expanding at a rate of 123% annually. This meteoric rise made him a trillionaire a year after Musk showed the increasing dominance of emerging markets.
Jensen Huang, the co-founder, and CEO of Nvidia has benefited from the AI wave becoming a billionaire. He has made Nvidia the great company it is today; specializing in GPU, which is critical in AI and machine learning. Huang’s fortune has risen from $3 billion in 2013 to over $90 billion in 2018 and has a growth rate of 112% per annum which may see him become a Trillionaire by 2028.
This Indonesian businessman Prajogo Pangestu is not very popular internationally but he is a strong force in SE Asia business circles. Pangestu’s wealth is increasing at an amazing 136% per year and he is the founder of Barito Pacific which is an energy and resource company. It makes him eligible for the trillion-dollar club in the same manner as other technology giants, proving that there are many ways to create wealth.
French luxury goods tycoon Bernard Arnault who is also the CEO of LVMH owns several luxury brands. Ranked as the third richest person in the world with a net worth close to 200 billion dollars, Arnault’s fortune is increasing at the rate of 29 % per year. This shows that luxury brands and proper acquisitions are still the key factors to wealth creation.
Mark Zuckerberg, the founder and CEO of Meta, formerly Facebook, has witnessed his wealth go up and down with the changing trends in social media and other related technologies. However, the wealth of Zuckerberg is still increasing at the rate of $ 36 billion every year. His stakes in the metaverse and his persistent hold on social media platforms ensure that he is on the list of potential trillionaires by 2030.
Phil Knight of Nike is the only old-school entrepreneur on this list of technology-oriented billionaires. Still, with a growth rate of 8% per year, Knight is on the way to becoming a potential candidate for a trillionaire, albeit more gradually. The fact that he was included shows the never-ending importance of creating global brands for consumers and the exponential accumulation of business success.
Mukesh Ambani the chairman of Reliance Industries is probably one of the most influential personalities in the Indian business world. Ambani’s wealth is increasing at the rate of 28% per year, he has got varied business interests in petrochemicals, retail, and telecommunication sectors. Its possibility to become a trillionaire indicates the increase in the influence of the Indian economy and the potentialities of the growing emergent markets for the creation of huge diversified business organizations.
Michael Dell, the founder and CEO of Dell Technology has managed to survive the challenges that have come with the changes in the world PC and enterprise technology market. Dell’s increase in wealth by 31% per year and his journey towards becoming a potential trillionaire is evidence of the value of flexibility in the technology industry as well as the advantages of buying out a public company before making it public again.
The last person we can hope to become a trillionaire is the ex-CEO of Microsoft, Steve Ballmer. Currently the owner of the LA Clippers, Ballmer’s net worth has been rising at 26% per year, mainly due to his Microsoft stock. His presence proves that investment in new economy technology firms at the early stages of their development can yield huge returns in the future even if the investor has retired from active management of the business.
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