Elon Musk Is the World’s First Trillionaire

There are thousands of billionaires across the world. But there is only one trillionaire. Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000—that’s 12 zeros—after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on June 12. SpaceX’s initial public offering valued the company at nearly $1.8 trillion, up from its most recent private valuation of around $1.25 trillion. After shares opened at $150 on Friday morning in New York and kept surging, SpaceX’s market capitalization reached about $2.2 trillion. Between Musk’s significant ownership stakes in SpaceX, his car company Tesla, and several other ventures, his personal coffers expanded enough to propel him into trillionaire territory, according to Bloomberg and Forbes, which conduct extensive research to identify the world’s richest individuals. In 2024, his net worth surpassed $400 billion, per Bloomberg—which means it has nearly tripled in less than two years.