WHO WILL BE THE WORLD'S FIRST TRILLIONAIRE?

Wealth has always been a relative concept. Generations ago, everyday Americans fantasized about becoming millionaires. Today millionaires practically are everyday Americans in 2020 there were close to 22 million of them in the U.S. alone. Now you need to be a billionaire to get much attention. Over a century ago, wealth has multiplied to the point where the richest men and women in the world top out at around $150 billion each.

The question is, how long will it take before the world sees its first trillionaire? A trillion dollars equals 1,000 billion dollars. A billion dollars equals 1,000 million dollars. Expressed in numbers, a trillion dollars is $1,000,000,000,000. Any way you look at it, a trillion dollars is a phenomenal sum of money.

A handful of candidates

• Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world with a net worth of $241 billion as of Feb. 28, 2022.

• Behind Musk is the founder of Amazon, Jeff Bezos, with an estimated net worth of $178 billion.

• Billionaires with the largest increases in their wealth in 2021 included Musk, LVMH Chair and CEO Bernard Arnault, Google co-founder Larry Page, and L'Oreal heir Francoise Bettencourt Meyers.

• Seven of the top 10 billionaires made their fortunes in technology, with Arnault, Berkshire Hathaway's Warren Buffett, and Reliance Industries founder Mukesh Ambani the exceptions.

Below are the 6 wealthiest people on the planet as of March, 2022 and the most likely to be the first trillionaires by 2030.

· Youngest Billionaire: Mark Zuckerberg

· Oldest Billionaire: Elon Must

· Average Age: 61

· Most concentrated state: United States of America

· Average Net Worth: $117.9 Billion

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1. Elon Musk

• Age: 50

• Residence: Texas

• Co-founder and CEO: Tesla

• Net Worth: $241 billion

• Tesla Ownership Stake: 17% ($150 billion)

• Other Assets: Space Exploration Technologies ($40.3 billion private asset), $5.53 billion in cash

2. Jeff Bezos

• Age: 58

• Residence: Washington

• Founder and Executive Chair: Amazon (AMZN)

• Net Worth: $178 billion

• Amazon Ownership Stake: 10% ($153 billion)

• Other Assets: Blue Origin ($9.15 billion private company stake), The Washington Post ($250 million private asset), and $15.5 billion in cash

3. Bernard Arnault

• Age: 72

• Residence: Paris, France

• CEO and Chair: LVMH (LVMUY)

• Net Worth: $155 billion

• Christian Dior Ownership Stake: 97.5% ($126 billion total)

• Other Assets: Moelis & Company equity ($23.2 billion public asset), Hermès equity (undisclosed stake), and $10.7 billion in cash

4. Bill Gates

• Age: 66

• Residence: Washington

• Co-founder: Microsoft Corp. (MSFT)

• Net Worth: $127 billion

• Microsoft Ownership Stake: 1.3% ($30.8 billion)

• Other Assets: Cascade Investment LLC ($55.9 billion public assets), $55.3 billion in cash

5. Larry Page

• Age: 48

• Residence: California

• Co-founder and Board Member: Alphabet (GOOG)

• Net Worth: $120 billion

• Alphabet Ownership Stake: 6% ($105.7 billion total)

• Other Assets: $14.6 billion in cash

6. Warren Buffett

• Age: 91

• Residence: Nebraska

• CEO: Berkshire Hathaway (BRK.A)

• Net Worth: $116 billion

• Berkshire Hathaway Ownership Stake: 16% ($114 billion)

• Other Assets: $1.1 billion in cash

Elon Musk Might Become the World's First Trillionaire - SpaceX

Elon musk, the world’s richest person, with an estimated $241bn, could become the first trillionaire. Jonas estimates that the privately held Spacex could be worth $200bn (£145bn), and rise higher still as it exploits a range of potential industries, including space infrastructure, earth observation and deep-space exploration. The company was valued at $100bn in a secondary share sale this month, making it the world’s second-biggest privately held company. Musk owns roughly 48% of Spacex.

Musk overtook Amazon’s Jeff Bezos to become the world’s richest person in January, only to slip back before regaining the top spot later in the year. He is estimated to have a $241bn paper fortune, about $42bn more than Bezos.