Forbes magazine announced that Elon Musk became the first person in the world to surpass the trillion-dollar mark in net worth, following the start of trading in SpaceX shares on the Nasdaq stock exchange on Friday, June 12, 2026. Forbes estimated Musk's net worth at approximately $1.1 trillion after the significant increase in the company's value following its initial public offering.

Elon Musk is the world's first trillionaire with a net worth estimated at $1.1 trillion.

SpaceX's IPO boosted the company's market capitalization to nearly $2 trillion.

Forbes attributes most of Elon Musk's wealth to his substantial stake in SpaceX.

This achievement marks a historic milestone in the evolution of wealth associated with technology.

This development came after SpaceX shares began trading at $150 per share, giving the company a market value of nearly $2 trillion. The company had set the IPO price at $135 per share on Thursday evening, which increased Musk's net worth by $188 billion in just a few hours, bringing it to approximately $982 billion before the official opening of trading.

Elon Musk became the world's first trillionaire,

as Forbes explained. The majority of Elon Musk's wealth is tied to his stake in SpaceX; the company's chairman, CEO, and chief technology officer owns approximately 4.8 billion shares, valued at around $715 billion. He also holds approximately 350 million stock options worth around $50 billion, giving him a total stake of approximately 38% in the company.

This achievement marks a new milestone in Elon Musk's financial journey. He first appeared on Forbes' list of billionaires in 2012 with a net worth estimated at just $2 billion, ranking 634th globally. In less than a decade, he has achieved remarkable growth in his wealth, fueled by the expansion of his companies in the electric vehicle, aerospace, and advanced technology sectors.

Musk's fortune has seen significant growth in recent years, particularly with the successive increases in the value of his associated companies. In January 2021, he became the world's richest person for the first time after a remarkable surge in Tesla's stock price, surpassing Amazon founder Jeff Bezos in the global wealth rankings.