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.