this post was submitted on 08 Sep 2024
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Elon Musk is on pace to become the world’s first trillionaire by 2027, according to a new report from a group that tracks wealth.

Informa Connect Academy’s finding about the boss of electric carmaker Tesla, private rocket company SpaceX and social media platform X (formerly Twitter) stems from the fact that Musk’s wealth has been growing at an average annual rate of 110%. He was also the world’s richest person, with $251bn, according to the Bloomberg Billionaires Index, as the academy’s 2024 Trillion Dollar Club report began circulating Friday.

The academy’s analysis suggested business conglomerate founder Gautam Adani of India would become the second to achieve trillionaire status. That would reportedly happen in 2028 if his annual growth rate remains at 123%.

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[–] 9point6@lemmy.world 120 points 2 months ago* (last edited 2 months ago) (4 children)

I feel like there should be a prize for this

Perhaps involving a french antique with a place to rest one's head

[–] Maeve@kbin.earth 16 points 2 months ago

I'm okay with taxing ultrawealthy billionaires and corporations out of existence, and giving them back the benefits of a well-fed/housed/clothed/educated/healthy population, of which they would also be the same.

[–] nkat2112@sh.itjust.works 12 points 2 months ago

That's an excellent point. For this oligarch and all others.

[–] zbyte64@awful.systems 2 points 2 months ago (1 children)

Hear me out, we should go with mega guillotine: https://youtu.be/YYJ5ZViYhHQ

[–] ahal@lemmy.ca 1 points 2 months ago

Itym GIGA guillotine

[–] match@pawb.social 1 points 2 months ago

ooh, french laurels