Elon Musk Is Now Richer Than His Native South Africa—And Wealthier Than These Countries - SpaceX (NASDAQ:

Space Exploration Technologies Corp.

(NASDAQ:SPCX) CEO Elon Musk's fortune has reached a level once reserved for the world's largest economies, making the trillionaire entrepreneur wealthier than the annual economic output of most countries on the planet.

Elon Musk's Wealth Surpasses South Africa's Economy Musk's net worth stands at approximately $1.2 trillion, according to Forbes.

His net worth was propelled largely by the soaring value of SpaceX, which earlier this month debuted on public markets at a valuation approaching $2 trillion.

Musk owns roughly 38% of the rocket company, including options.