Elon Musk is expected to become the first trillionaire in history very soon.

 Elon Musk has the potential to become the first trillionaire in history thanks to his vast empire, which includes everything from social media and electric cars to space rockets and tiny brain implants.

Due to his business achievements, Musk has amassed significant influence and controversy worldwide. With a wealth believed to be worth close to $250 billion, the CEO of Tesla is currently the richest person on the planet.

As of right now, Musk may become the first trillionaire in history; according to Informa Connect Academy, he is expected to achieve this milestone by 2027.

According to Informa, Musk is the "clear favorite" to reach the $1 trillion mark first because of his impressive growth in net worth, which has been averaging 110% annual growth.

Musk is not without rivals, though.

In 2028, Jensen Huang might become a trillionaire thanks to the rapid ascent of Nvidia, the company whose computer chips are driving the artificial intelligence boom, according to Informa. Bloomberg claims that Huang, the CEO and co-founder of Nvidia, is worth $104 billion.

By 2028, Indian billionaire Gautam Adani is expected to reach the status of trillionaire.

The future of Musk's greatest achievement, Tesla, will largely determine whether he reaches the trillion-dollar milestone first or at all.

With a market valuation of roughly $710 billion, Musk's electric vehicle manufacturer has emerged as the most valuable car company in the world. As a result, its value exceeds the combined values of Coca-Cola, Bank of America, and Boeing.

Easily Musk's greatest asset is Tesla. At current prices, he holds a nearly 13% stake in the company, worth approximately $93 billion.

Another 303 million stock options are owned by Musk in connection with his remarkable and contentious compensation package, which was overturned by a judge before being reinstated and approved by shareholders.

Musk's wealth might surpass $1 trillion if Tesla keeps growing.

“We believe Musk has positioned himself to achieve new heights over the coming years as Tesla capitalizes on full self-driving, Robotaxis and the future of EVs,” Dan Ives, senior equity analyst at Wedbush Securities, told in an email.

Of course, that is no guarantee.

Tesla faces fierce competition, especially from cheaper rivals in China. The company has struggled at times, with softer sales crashing the stock by two-thirds in 2022. The automaker also issued multiple recalls for its vehicles, including a software recall of nearly all of its cars on US roads because of a glitchy Autopilot feature.

In 2008, Musk disclosed that Tesla was on the verge of declaring bankruptcy until it managed to obtain an emergency loan to maintain its operations.

Musk also got into trouble with authorities and investors in 2018 when he claimed to have "funding secured" for a plan to take Tesla private for $420 per share. Musk was compelled to resign as executive chairman and pay millions of dollars in fines and legal costs.

Ives stated, "Musk has turned Tesla around despite the haters and skeptics on numerous occasions when he has had his back to the wall with Tesla." "He's the kid from Teflon."

Risks associated with the controversy that has surrounded Musk for years also affect the Tesla brand.

Just this past week, Musk removed a post in which he questioned why President Joe Biden and the Vice President have not experienced any apparent assassination attempts, while former President Donald Trump has experienced two.

Musk stated in the post, "And no one is even trying to assassinate Biden/Kamala 🤔." After saying the post was a joke, he removed it.

Musk has many assets, but Tesla is by no means his sole one. In addition, he has investments in the artificial intelligence startup xAI and the tunnel construction company The Boring Company.

Then there is SpaceX, a spacecraft manufacturer that achieved a first on Thursday when it successfully completed the first-ever non-government spacewalk.

According to Bloomberg, Musk owns roughly 42% of SpaceX, a privately held business that was valued at an astounding $210 billion in June.

Additionally, Musk owns Neuralink, a startup focused on brain chip implants that aims to restore movement to paralyzed individuals.

A portion of Musk's income also originates from social media platform X, which is arguably his most contentious venture. In 2022, Musk purchased X, formerly known as Twitter, having initially attempted to back out of the $44 billion agreement.

Additionally, since being owned by Musk, X has quickly lost value and drawn criticism for both its policies regarding content moderation and the dissemination of false information, in addition to Musk's own antisemitic tweets.

Earlier in the year, Musk told advertisers to "go f**k yourself" while also apologizing for what he considered to be his "dumbest" ever social media post.