Musk’s net worth revealed after Spacex IPO made him world’s first trillionaire

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleElon Musk has achieved the status of the world's first trillionaire, with his net worth estimated at approximately $1.1 trillion, largely attributed to his significant stake in SpaceX.SpaceX, the expansive rocket, satellite, and AI company forming a core part of Musk's business empire, successfully raised a record $75 billion in its initial public offering (IPO) and experienced a surge in its share price on its first day of trading.Musk's colossal wealth far exceeds that of other global billionaires, with Forbes noting that the second richest person's fortune, Alphabet co-founder Larry Page’s, is around $300 billion, highlighting the unprecedented scale of his financial accumulation."The second richest person has been hovering around $300 billion," said Matt Durot, deputy editor at Forbes Wealth. "And only one other person, (Oracle founder) Larry Ellison, has ever been worth $400 billion.”The bulk of Musk's current net worth, approximately $866 billion, is concentrated in his ownership stake in SpaceX, with his total estimated wealth now incorporating stock components that are scheduled to vest over a period of time.In fullInside Elon Musk’s vast empire from rockets to brain implants after historic SpaceX IPOThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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