Elon Musk is on pace to become world's first trillionaire — and sooner than you think



According to a new report, Elon Musk is on pace to become the world's first trillionaire soon.

Musk currently has a net worth of $248 billion, according to Forbes' wealthiest billionaires list. However, the Tesla and SpaceX CEO will reportedly quadruple his net worth in three short years.

Tesla has an annual growth rate of 173%, which would enable the electric car manufacturer to become a trillion-dollar company in 2025.

Musk — already the world's wealthiest person — is the "clear favorite" to become the first trillionaire by 2027, according to Informa Connect Academy.

The outlet noted that Musk's net worth is growing at an average rate of 109.88% yearly.

Informa Connect Academy also named other billionaires who are likely to have a 13-figure net worth in the near future.

Indian billionaire business magnate Gautam Adani has an estimated net worth of $84 billion and an average annual growth rate of 122.86%. Adani is expected to become a trillionaire by 2028.

Nvidia CEO Jensen Huang has an approximate net worth of $77 billion and an average growth rate of 111.88% per year. Huang is estimated to become a trillionaire in 2028.

Prajogo Pangestu is an Indonesian business tycoon known for his involvement in the timber, petrochemical, and energy industries. He has a net worth of $43.4 billion and an average growth rate of 135.95% annually. Pangestu is expected to be a trillionaire by 2028.

Other notable billionaires are expected to become trillionaires.

Bernard Arnault is a French billionaire and chairman and CEO of LVMH Moët Hennessy Louis Vuitton — the world's largest luxury goods conglomerate. Arnault and his family have a net worth of $172 billion. He could join the trillion-dollar club in 2030.

Mark Zuckerberg — the founder, chairman, and CEO of Meta, which he originally founded as Facebook in 2004 — is expected to become a trillionaire by 2030.

Amazon founder Jeff Bezos — currently the second-richest person in the world with a net worth of $197 billion — will reportedly become a trillionaire in 2036.

Oracle co-founder Larry Ellison — currently the third-wealthiest person in the world with a net worth of $192 billion — could become a trillionaire by 2035.

Microsoft co-founder Bill Gates — who has a current net worth of $136 billion — is estimated to become a trillionaire by 2054.

Seven companies currently have a market cap valuation of over a trillion dollars, including Microsoft ($3.394 trillion), Apple ($3.323 trillion), Nvidia ($3.057 trillion), Alphabet ($2.269 trillion), Amazon ($2.052 trillion), Saudi Aramco ($1.817 trillion), and Meta ($1.280 trillion).

The report from Informa Connect Academy also named companies that could soon climb to the trillion-dollar business club.

Taiwan Semiconductor Manufacturing Company Limited — the third-largest manufacturer of semiconductors in the world — currently has a market cap of $893 billion but could be worth a trillion by next year.

Berkshire Hathaway — the holding company led by billionaire investor Warren Buffett — has a current market cap of $874 billion and could reach a trillion in 2025.

Eli Lilly, the pharmaceutical giant, has a market cap of $823 billion and is estimated to be worth a trillion dollars next year.

Musk's Tesla has a current market cap of $669 billion. Tesla has an annual growth rate of 173%, which would enable the electric car manufacturer to become a trillion-dollar company in 2025.

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Stock market CRASH: What does Warren Buffett know that we don't??



Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.

Glenn Beck is understandably worried.

“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.

Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.

Roth explains that while the Fed did not lower rates, it might be on the table in September.

“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.

“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”

However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.

But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.

“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”

“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”

“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”


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Elon Musk Finally Shares the Fear That Keeps Him Up at Night

Elon Musk Finally Shares the Fear That Keeps Him Up at Night

PLUMMETING birth rates keep Elon Musk up at night



How do we solve the crises that are currently burdening America?

While Dave Rubin knows there are “some political ways,” like how “a certain orange man would be better than a certain man with dementia,” there are some more important, more tangible ways that are in your control.

“It’s find a mate and have a family. Start the basic building blocks of society, bottom up. The way your parents did it and your grandparents did it,” Rubin explains, adding, “the way civilization has done it for millennia.”

“If you start building a good family, you might be able to save civilization,” he says, and he’s not alone in his belief.

Elon Musk recently explained a similar concept to the Milken Institute after being asked what brings him joy and what keeps him up at night.

“I probably get the most joy from my kids, and I’m not saying that’s the reason to have kids because we should have them anyway, but certainly kids are the greatest source of joy in my life,” he answered.

“In terms of what keeps me up at night, I guess it’s anything that’s, like, I think a civilizational risk,” he said, adding, “The birth rates continuing to plummet. I do think about the birth rates plummeting as being a civilizational risk.”



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Arabella Sheds Light On The Dark-Money Groups Remaking America Millions Of Dollars At A Time

The new book Arabella shows that the left’s network of influence far outpaces that of the right in areas such as elections, abortion, and climate activism.

FACT CHECK: Did Warren Buffett Publish This Tweet Criticizing Donald Trump?

Buffet's Twitter account has been inactive since 2016

Bill Gates says that he plans to donate most of his fortune to the Gates Foundation and will eventually fall from the ranks of the world's wealthiest people



Microsoft co-founder Bill Gates says that he plans to donate most of his vast fortune to the Bill & Melinda Gates Foundation, and that he will someday cease to be numbered among the world's wealthiest individuals.

"As I look to the future, my plan is to give all my wealth to the foundation other than what I spend on myself and my family. I do some giving and investing in U.S. health care issues, including Alzheimer’s, outside the foundation. Through Breakthrough Energy, I will continue to invest and give money to address climate change. Overall I expect that the work in these areas will make money, which will also go to the foundation. I will move down and eventually off of the list of the world’s richest people," Gates wrote in a Wednesday post on his Gates Notes blog website.

\u201cAs I look to the future, I plan to give virtually all of my wealth to the foundation. I will move down and eventually off of the list of the world\u2019s richest people.\u201d
— Bill Gates (@Bill Gates) 1657724634

Gates announced that he is donating $20 billion to the foundation, which will be ramping up its spending to $9 billion per year by 2026. "To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month," he wrote.

Gates also noted that Warren Buffett has donated massive sums of wealth to the foundation over the years.

"Although it is named the Bill & Melinda Gates Foundation, basically half of our resources to date have come from Warren Buffett’s gifts," Gates wrote. "Since 2006, Warren has gifted the foundation $35.7 billion, including his most recent gift of $3.1 billion in June. The actual value of these gifts is about $45 billion if you include the appreciation of the Berkshire Hathaway stock after it was given."

Last month when the U.S. Supreme Court issued a ruling that struck down Roe v. Wade, Gates decried the decision.

"This is a sad day. Reversing Roe v. Wade is an unjust and unacceptable setback. And it puts women’s lives at risk, especially the most disadvantaged," he tweeted.

In his post on Wednesday, Gates wrote, "I believe the reversal of abortion rights in the U.S. is a huge setback for gender equality, for women’s health, and for overall human progress. The potential for even further regression is scary. It will put lives at risk for women, people of color, and anyone living on the margins."

Warren Buffett slams Wall Street for becoming a 'gambling parlor'



Warren Buffett, the CEO of Berkshire Hathaway, condemned Wall Street for encouraging speculative behavior in the stock market, effectively turning one of America’s largest financial institutions into a “gambling parlor.”

The 91-year-old executive made the comments on Saturday during his company’s annual shareholder meeting. The primary targets of his criticisms were investment banks and brokerages, CNBC reported.

Buffett said, “Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism. They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”

Buffett suggested that American companies have become “poker chips” for market speculation citing the drastic increase of call options since brokers make more money from using them instead of simple investing strategies.

He also suggested that the current situation could cause market dislocations that ultimately benefit Berkshire Hathaway by giving them new opportunities. Buffett indicated that his company unleashed its cash hoard and spent $41 billion on stocks in the first quarter of 2022.

“Markets do crazy things, and occasionally Berkshire gets a chance to do something,” Buffett said.

Charlie Munger, Buffett’s 98-year-old long-time partner and Berkshire Hathaway vice chairman, said, “It’s almost a mania of speculation.”

Munger continued, “We have people who know nothing about stocks being advised by stockbrokers who know even less. It’s an incredible, crazy situation. I don’t think any wise country would want this outcome. Why would you want your country’s stock to trade on a casino?”

The two executives took aim at the apparent abundance of retail traders, many of whom journeyed into the stock market for the first time during the early stages of the COVID-19 pandemic boosting prices in their wake. Their spending frenzy was marked by meme-inspired spending trends from Reddit and other online message boards.

However, it appears that the beginner’s luck of these investors has run out as the stock market is currently putting many in the red with a considerable downturn. So far in 2022, the Nasdaq Composite index is down 21%, the S&P 500 shrank by 13%, and the Dow Jones Industrial Average has fallen by more than 9%.

Buffett has a long record of disparaging investment bankers and their institutions, suggesting that they encourage mergers and spinoffs to “reap fees” instead of prioritizing the improvement of companies.

Buffett also noted that his company would always be cash-rich and would be “better than the banks” at extending lines of credit to companies during periods of economic distress.

Berkshire’s Charlie Munger Applauds Communist China For Totalitarian Tactics

"Communists did the right thing," Munger said, praising the CCP for the silencing of Alibaba's Jack Ma.

Consumer Prices Have Skyrocketed In Recent Months. Experts Say It’s Just The Beginning

'The 100% cause of inflation is the government'