Elon Musk became the world's first trillionaire on Friday, reaching an estimated net worth of about $1.11tn following the record-breaking stock market debut of his company SpaceX. This places him significantly above other wealthy billionaires like Larry Page, Sergey Brin, Jeff Bezos, and Bernard Arnault. Musk's wealth trajectory has been volatile, surging from $28bn in January 2020 due to the sharp growth of Tesla and SpaceX.
Key milestones include briefly overtaking Jeff Bezos in January 2021, reaching $340bn in November 2021, and experiencing dips in 2022 and early 2025 due to tech stock downturns and investor concerns over his role in the Trump administration. Despite fluctuations, his net worth surged to $638bn in December 2025 on SpaceX IPO reports, culminating in the June 2026 IPO that pushed him to $1.11tn. His wealth is predominantly in stock holdings (12% Tesla, 42% SpaceX), with less than 0.1% in cash.
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