Forbes Declares Elon Musk as the World’s First Trillionaire
SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion
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. Learn more about the breakdown of Musk’s wealth in this story published today: SpaceX’s IPO Just Made Elon Musk The World’s First Trillionaire.
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. Read more about the history of the Forbes World’s Billionaires list and the journey to Musk becoming a trillionaire here.
