On September 9th, Caixin Financial News (Editor: Ma Lan) The billionaires' wealth growth rate far exceeds the expectations of ordinary people. According to a recent report from a wealth tracking organization, Musk is expected to become the world's first trillionaire by 2027.

According to analysis by Informa Connect Academy, Musk's wealth has been growing at an astonishing rate of 110% per year. According to the Bloomberg Billionaires Index, Musk's current net worth is $251 billion. Based on this, Informa Connect Academy predicts that Musk will set a new record of trillion-dollar wealth in 2027.

Indian billionaire Adani is expected to become the second person to enter the trillionaire club. According to analysis, his wealth has maintained an annual growth rate of 123%, and it is estimated that he may successfully break through the trillion mark in 2028.

Following closely behind are Nvidia CEO Huang Renxun and Indian energy and mining tycoon Prajogo Pangestu, who may also become trillionaires in 2028.

Bernard Arnault, the owner of LVMH Group and currently the third richest person in the world, is expected to break the trillion-dollar threshold in 2030. Meta CEO Mark Zuckerberg will also achieve this feat in the same year.

Increasing inequality.

On September 29, 1916, the world's first billionaire was born. John D. Rockefeller, CEO of Standard Oil, ushered in the era of billionaires due to the sharp rise in company stock prices.

More than a hundred years later, the world is preparing for a higher level of trillionaire. And Musk is the most likely frontrunner to reach that milestone.

It is worth noting that even the largest companies in the world, which reach a trillion-dollar market cap, are few in number. At the end of August, Warren Buffett's investment company, Berkshire Hathaway, became the ninth company to surpass a trillion-dollar market cap.

As of now, Apple is temporarily leading with a valuation of $3.46 trillion, with Nvidia and Microsoft following closely behind as players with market caps of $3 trillion.

The rapid accumulation of wealth by these corporations and individuals also raises concerns about the severity of inequality. The non-profit organization Oxfam warns in a report that global inequality has reached unprecedented levels in human history. At the current rate, it would take 230 years to eliminate poverty, but it won't be long before we see the birth of a trillionaire.

In this context, labor disputes have also erupted on a large scale. Since the end of the pandemic, strikes and protests have emerged in many places like the United States, Germany, and France, highlighting the sharpness of these conflicts.

This has also led to more calls for a wealth tax on the rich. According to a European think-tank, if billionaires were actually taxed 2% of their wealth, it could generate nearly $250 billion in revenue globally each year.