Elon Musk is projected to become the world’s first trillionaire by 2027, according to a report from Informa Connect Academy. Musk’s net worth has surged nearly ten times what it was in early 2020. Tesla’s share price skyrocketed from around $30 in January 2020 to nearly $300 by January 2021. Experts attribute Musk’s wealth accumulation to the success of his companies, which produce high-demand products. The top 1% of Americans control nearly half of all U.S. stocks, while the bottom 50% own just 1%. Tax policies also contribute to this inequality, with the ultrawealthy often using loopholes to minimize taxable income.