Nobody. That is the honest answer and it is worth sitting with for a moment before the qualifications start, because the question assumes something that is not true of any genre and is spectacularly untrue of this one.
Thrash metal was not invented. It was assembled, in about thirty months, out of parts that four or five separate groups of people had made for entirely unrelated reasons, by teenagers who had never met any of the makers and mostly could not have named them. What follows is the list of who supplied which part, and then the only version of the credit question that can actually be answered.
The four people who made the parts
Lemmy Kilmister supplied the speed and the sound. Motorhead in 1979 were playing at punk tempo with metal equipment, with a bass chorded through guitar amplifiers so that three people sounded like six, and with a drummer running continuous double kick under a whole song. Nobody in Metallica or Slayer would have played the way they did without that record.

Brian Tatler supplied the riffs. Diamond Head and the wider New Wave of British Heavy Metal produced several hundred pieces of riff writing between 1979 and 1982, made by people with no budget and no producer asking for a chorus, and the entire American genre was constructed on top of that vocabulary.
Discharge supplied the beat. The pattern now named after them, snare on every offbeat over a driving kick, is the rhythmic engine of thrash and no metal musician invented it.
And Venom supplied the nerve. Three men from Newcastle who could barely play made a record in three days that terrified people, and in doing so abolished the requirement to be good enough first.
The people who assembled it
Here is where a real answer becomes possible. If the question is who first put all of those parts into one band and made something that is recognisably this genre rather than a fast heavy metal group, the field narrows to a handful of names and a period of about eighteen months.
Metallica, formed in Los Angeles in October 1981 out of a newspaper advertisement, recorded the No Life til Leather demo in July 1982 and released the first album a year later. Slayer, formed in Huntington Park in the same year, put out Show No Mercy in December 1983. Exodus in the East Bay were playing this music before either of them had a record out and were held up by a label collapse.

And in West Germany, entirely independently, Accept had already recorded a song in 1982 that ticks every technical box, and then went back to writing hard rock because they had no idea they had done anything.
| Part | Supplied by | When |
|---|---|---|
| Tempo, bass tone, three piece density | Motorhead | 1979 to 1980 |
| The riff vocabulary | Diamond Head and the NWOBHM | 1980 to 1982 |
| The drum pattern | Discharge and hardcore punk | 1980 to 1982 |
| Permission to be crude | Venom | 1981 |
| The technical proof it could be done | Accept, unknowingly | 1982 |
| The assembly | Metallica, Slayer, Exodus | 1982 to 1983 |
Why the question keeps getting asked
Because the alternative is uncomfortable. A genre with a founder has a story you can tell in a sentence, and a genre assembled by a few hundred people who mostly got nothing for it does not fit on a poster.
It is also the case that the people best placed to claim the credit have consistently declined it. Lars Ulrich has spent forty years pointing at Diamond Head. Kerry King points at Venom. Tom Angelripper points at Venom and Motorhead. The musicians themselves treat the question as slightly absurd, which is a good sign that it is.
The more useful reframing is not who invented it but what conditions made it inevitable. By the end of 1982 every technical component existed, they were all circulating on cassette, and there were several hundred teenagers in California, New Jersey and the Ruhr who had heard all of them and had nothing to lose. Under those conditions somebody was going to build this. Several people did, in different places, within months of each other, which is exactly what happens when an idea is ready rather than when a genius arrives.
The one credit that is defensible
If you want a single name to hand to somebody who insists on one, the least wrong answer is Metallica, and the reason is not artistic priority.
It is that they were the band who took the parts furthest fastest and made the record that everybody else measured themselves against. Kill 'Em All was not the first fast heavy album, it was not the most extreme thing available in 1983, and it was not even the best record made that year by a band in this scene. What it was, uniquely, was complete: every element of the vocabulary present at once, in one place, on a record you could buy.
That is a different achievement from invention and it is arguably a larger one. Plenty of people had the parts. One band put them together in a way that made three hundred other bands possible.
The full account of where each of those parts came from is here: the chapter this belongs to. And the closely related question of which record actually counts as the first one is dealt with separately in What Was the First Thrash Metal Album?, because the two questions have different answers.
The claims that do not survive
Three attributions circulate widely and none of them holds up, and it is worth saying why, because each fails for a different reason.
Black Sabbath are sometimes offered on the grounds that they invented heavy metal and therefore invented everything downstream of it. That is an argument about ancestry rather than about invention, and by the same logic Chuck Berry invented thrash. The specific things that make this genre what it is, the downpicked right hand and the hardcore beat, are absent from every Sabbath record.
Judas Priest are a better case, because the twin guitar attack and the leather are both genuinely upstream, and "Exciter" from 1978 is fast. But the drumming is rock drumming, the songs are built around choruses, and Priest were a professional band with a major label who were aiming at the radio.
And Deep Purple get proposed occasionally on the strength of "Fireball" and "Highway Star", which is a compliment to Ian Paice and nothing more. Speed alone has never been the criterion.
What invention would even mean here
The deeper problem with the question is that it imports a model from technology, where somebody files a patent, into a field where nothing works like that.
Music is made by people copying each other imperfectly. A teenager hears a record through a wall, gets it slightly wrong, and the mistake becomes a style. That is how every genre in the history of recorded music has appeared, and it is why the founding period of any of them is always a cluster of near simultaneous arrivals rather than a single event.
Thrash makes this unusually visible because the founding period is so short and so well documented. You can watch the same idea occur to teenagers in California, New Jersey, the Ruhr and Ontario within about eighteen months of each other, none of them in contact, all of them working from the same handful of imported records. Nobody invented it. Several hundred people converged on it.
Sources and notes
Formation and release dates refer to original pressings and to the bands' own published accounts. The No Life til Leather demo is dated July 1982.