Published: 12:43 AM, 14 June 2026
Elon Musk hits trillionaire status
On Friday, Forbes declared Elon Musk as the world's first trillionaire, as SpaceX's stock began trading on the Nasdaq at $150 per share, giving the company a nearly $2 trillion market cap. Forbes estimates that the IPO has boosted Musk's fortune to $1.1 trillion, as of Friday morning. His net worth rose by $188 billion to an estimated $982 billion on Thursday evening, when SpaceX priced the IPO at $135 per share.
Looking at Musk's wealth portfolio, the SpaceX chairman, CEO and chief technical officer, owns 4.8 billion shares of SpaceX, worth $715 billion, and has another 350 million stock options worth $50 billion, giving him a 38% stake in the company.
Musk first debuted on Forbes' annual World's Billionaires list in 2012, with an estimated $2 billion fortune, making him the 634th-richest person in the world. From there, it only took Musk just nine years to become the world's wealthiest person for the first time in January 2021 as Tesla's shares soared, propelling Musk past Bezos for the No. 1 spot.
"Elon Musk's ascent to a $1 trillion fortune represents a milestone once considered unimaginable, highlighting how rapidly wealth can be created in an increasingly interconnected and technology-driven world," said Matt Durot, Deputy Editor, Wealth at Forbes. "Forbes remains the definitive source for understanding who is creating wealth, how they are creating it, and what it means for the future of business, and today marks a new chapter in the evolution of global business and entrepreneurship."
For over 40 years, Forbes has been the definitive authority on tracking and analyzing the wealth of the world's richest individuals. Since launching its first World's Billionaires List in 1987, Forbes has built an unmatched repository of data, research, and institutional expertise, creating the global benchmark for wealth measurement. Through rigorous reporting, extensive financial analysis, and a trusted methodology refined over decades, Forbes has chronicled the rise and fall of fortunes across industries, countries and generations.
