(The Center Square) – The world’s first trillionaires could be from Texas, according to a new analysis of the 30 richest people in the world.
A new report published by the software company Tipalti Approve estimates that newly relocated Texas resident, Tesla CEO and billionaire Elon Musk, could become the world’s first trillionaire by 2024. Houston native and Dell Technologies CEO Michael Dell could become a trillionaire by 2033.
If they were to reach trillionaire status today, they’d have a net worth of 1.17% of the global GDP, which is currently $84.75 trillion, according to the World Bank.
In 2022, “there are nine centibillionaires with fortunes greater than $100 billion,” according to Tipalti’s analysis.
In order to identify who could become the first trillionaire, it compared the annual net worth of the top 30 richest people from 2017 through today, calculating the year-after-year annual growth rate of each of their net worths.