Starlink's Elon Musk Set To Become World's First Trillionaire, His Net Worth

• American billionaire Elon Musk has amassed significant influence and wealth attributed to his business acumen
• The Tesla CEO is currently the wealthiest person in the world, with an estimated net worth of over $250 billion (KSh 32.27 trillion)
• Musk's first company was Zip 2, which he co-founded with his brother Kimbal before investing in Tesla and SpaceX

TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends.

American billionaire Elon Musk is on course to become the first trillionaire in history because of his vast empire, which includes X social media network, electric car maker Tesla and aerospace firm SpaceX.

What is Elon Musk's net worth?

Due to his business achievements, Musk has amassed significant influence, wealth and controversy worldwide.

According to CNN, the Tesla CEO is currently the wealthiest person in the world, with an estimated net worth of over $250 billion (KSh 32.27 trillion).

The Mirror US reported that Musk could reach the trillionaire status by 2027.

Musk has been increasing his wealth at an average rate of 100% annually, and if this trend continues, none of his competitors could remove him from the top spot.

Which other richest men could become trillionaires?

The world's second-richest man, Bernard Arnault of France, and Amazon founder Jeff Bezos were set to reach the milestone.

According to Bloomberg, Jensen Huang, the CEO of Nvidia, with a current net worth of $104 billion (KSh 13.5 trillion), may become a trillionaire in 2028.

Adani Group's Gautam Adani, an Indian billionaire, is also expected to attain the status a year after Musk.

How Elon Musk became wealthy

The billionaire's first company was Zip 2, which he co-founded with his brother Kimbal.

The duo sold the startup to Compaq in 1999 for a whopping $307 million (KSh 39.6 billion).

During the same year, Musk co-founded the online bank X.com, which merged with Confinity in 2000 to form PayPal. eBay acquired PayPal in 2002 for $1.5 billion (KSh 193.6 billion).

Musk founded SpaceX in 2002, serving as its chief engineer and chief executive officer (CEO).

The controversial billionaire invested in the electric car company Tesla in 2004. He pumped in $6.5 million (KSh 792 million), becoming the largest shareholder.

Proofreading by Mercy Nyambura Guthua, journalist and copy editor at TUKO.co.ke