Tech billionaire Elon Musk is on track to become the world’s first trillionaire. It’s a sign markets aren’t working

By Richard Denniss, Adjunct Professor, Crawford School of Public Policy, Australian National University

Apparently, the world is about to get its first trillionaire.

A report from the business intelligence agency Informa Connect says, at his present rate of wealth accumulation, tech billionaire Elon Musk is on track to be the world’s first trillionaire, three years from now.

At the moment Musk is said to be worth US$195 billion (A$293 billion), but if his wealth continues growing at the recent…

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