On social media , many viewers stunned ad Elon Musk is projected to become the world’s first trillionaire by 2027.
This prediction comes from a new global wealth report that tracks billionaire growth trends worldwide.
However, many are also stunned that Musk is still living in a surprisingly small box home.
Elon Musk’s net worth is growing at an extraordinary pace
Musk currently tops the Bloomberg Billionaires Index with a net worth of $251 billion.
A new report from Informa Connect Academy, titled *“2024 Trillion Dollar Club,suggests that Musk’s net worth—already a staggering $251 billion.
The report also pointed out that Musk’s wealth has grown by **110% annually
If that pace continues, Musk could surpass $1 trillion in personal wealth within the next three years”.
Well, Elon is only as a tech visionary but as the richest individual in modern history.
Tesla’s market value continues to drive Musk’s massive fortune
Tesla, the cornerstone of Musk’s wealth, is also seeing exponential expansion. The company’s current market value stands at $669.3 billion, with an annual growth rate of 173.3%.
The report suggests Tesla alone could cross the “$1 trillion valuation threshold by 2026”, further boosting Musk’s fortune.
Additionally, this trajectory would solidify Musk’s position as the wealthiest individual in modern history.
Despite extreme wealth, Elon Musk chooses a minimalist lifestyle
Elon Musk has adopted a surprisingly modest lifestyle.
Though worth hundreds of billions, Musk lives in a $50,000 prefabricated home, foldable prefab home near SpaceX’s Starbase facility in Boca Chica, Texas. Previously, in 2020, he sold five luxury California homes and declared his intention to own no house.
He said: “I am selling almost all physical possessions. Will own no house.”
He listed several of his California properties—valued at over $100 million—for sale. When asked why, his response was simple: “Freedom”.
Musk lives in a $50,000 prefab unit made by startup Boxabl
According to a report by The New York Post, Musk’s primary residence is a Boxabl Casita, a 20-foot-by-20-foot foldable home made by startup Boxabl.
The unit is designed like a studio apartment, complete with a living/sleeping area, full kitchen, and a bathroom with a tub and shower.
The Boxabl home is not just minimalist but also highly functional, aligning with Musk’s preference for efficient, purposeful design.
He rents the unit from SpaceX and often uses it as a workspace while overseeing projects at Starbase.
“My primary home is literally a ~$50K house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though,” Musk tweeted in 2021.
He added that the only house he still owns is an **event venue in the Bay Area**, which he rarely uses.
Social media reaction
On the X platform, many viewers were stunned to see that Elon Musk is on track to become the world’s first trillionaire. However, they also wonder why he lives in a tiny, prefabricated ‘box’ house.
While some describe him as a humble billionaire, others argue that he’s actually very stingy — not just with himself, but also with his children and ex-wife.
One person said: And he has absolute fucking narcissist behavior.
A second wrote: We’re all going to live in a box “home” once he’s done with all of his efficiency ideas.
While a third commented: He had help don’t praise him if he didn’t do it it self
Someone else said: Nothing good about luxury living on earth when your goal is to build a city on another planet…
Only if money can help the environment and that’s good money. Another added.
Someone wrote: And what good does he do with it
While the public often equates immense wealth with lavish lifestyles, Musk’s case challenges that perception.
If he becomes the world’s first trillionaire, it’s unlikely to change how he lives on a day-to-day basis.
What do you think about Musk’s wealth?