Elon Musk projected to become world's first trillionaire in 2024

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Tesla and SpaceX CEO Elon Musk could become the first person to ever accumulate a $1 trillion net worth

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, and it could happen as soon as 2024, says a new report.

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Musk is currently said to be the richest person in the world, overtaking former Amazon CEO Jeff Bezos last year to claim the title, reports Teslarati.

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Musk's net worth, according to Forbes' Real Time Billionaires list, sits at over $260 billion, nearly $70 billion more than Bezos' current estimation of about $190 billion.

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Other billionaires are also expected to hit the trillion-dollar range, but not before Musk, the report said.

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Zhang Yiming, TikTok's founder, is projected to reach a $1 trillion net worth by 2026 at 42 years old, making him the youngest trillionaire.

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