No, there are currently no trillionaires in the world, but many projections suggest the first person will reach this milestone (a net worth of $1 trillion USD) within the next few years, with Elon Musk often cited as the most likely candidate, potentially by 2027 or soon after, due to his holdings in companies like Tesla and SpaceX. Several other individuals, including Jeff Bezos, Mark Zuckerberg, and Jensen Huang, are also considered strong contenders to join the trillionaire club.
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In July 2013, Chris Reynolds became the richest man on the planet but for only two minutes. A PayPal error meant he had $92 quadrillion in his bank account - becoming the first and only person ever to become a quadrillionaire.
The world's 10 richest families
Elon Musk has just gotten even closer to being the first-ever trillionaire after a court reinstated his Tesla stock options worth billions. According to Forbes's billionaires index, the Tesla chief executive's net worth climbed to $749bn (£559bn) on Friday, making Musk the first person to surpass the $700bn milestone.
Richest family in the world - The Saudi royal family, known as the House of Saud, is the wealthiest royal family in the world with a net worth of approximately $1.4 trillion. This immense wealth primarily stems from Saudi Arabia's vast oil reserves, managed through the state-owned oil company, Saudi Aramco.
Kim Kardashian just pulled ahead of Taylor Swift in terms of net worth — and she did it with her shapewear brand. According to Forbes, the business mogul's fortune has climbed to an estimated $1.9 billion, officially surpassing Taylor Swift's recently reported 1.6 billion net worth.
Oprah, Taylor Swift, Kim Kardashian Top List Of Richest Female Celebrities. Forbes' latest list of America's Richest Women Celebrities features Oprah Winfrey at the top with a net worth of $3.1 billion, followed by Kim Kardashian at $1.7 billion and Taylor Swift at $1.6 billion.
He told TIME in February 2024 that he earned between $600 and $700 million annually, and Forbes lists his 2025 earnings at $85 million. But despite those high figures, MrBeast wouldn't call himself rich.
Many of the world's billionaires are far older than the tech-founder stereotype. At 103 years old, George Joseph is still actively involved in his company, Mercury General. In fact, young billionaires (under age 50) make up just 10% of the global billionaire population.
Sources of wealth
Musk does not receive a salary from Tesla; he agreed with the board in 2018 to a compensation plan that ties his personal earnings to Tesla's valuation and revenue. The deal stipulated that Musk only received the compensation if Tesla reached certain market values.
Of the nearly 2,800 billionaires in the world, only 21 are Black. That's fewer than 1%. Of those 21, only two are women. Eleven are Americans.
June 7. In a morning interview with NBC News on June 7, Trump stated that he did not wish to reconcile with Musk, and added that Musk would face 'very serious consequences' if he funded Democrats. Trump also mentioned having saved Musk's life during his first administration.
He co-founded Zip2, which was sold to Compaq for nearly $300 million. He then founded X.com, which later became PayPal and was sold to eBay for $1.5 billion. Musk also co-founded Tesla, which has become a leading electric car manufacturer, and SpaceX, a private aerospace manufacturer and space transportation company.