Musk’s trillioniare status means he’s wealthier than his next three contemporaries combined —and also worth more than historical tycoons like John D. Rockefeller Recent gains in shares of SpaceX and Tesla have pushed Elon Musk’s net worth back beyond the trillion-dollar mark. Musk’s wealth has earned him the title of the world’s first and only trillionaire — and the richest person in the history of America by certain measures, surpassing the wealth of industrialists like John D.
Rockefeller and Andrew Carnegie when looking relative to economic output. As of Thursday, Musk’s net worth was $1.02 trillion, according to the Bloomberg Billionaires Index. The majority of Musk’s wealth comes from his stakes in SpaceX and Tesla , two companies with multi-trillion-dollar market capitalizations.
Since the beginning of the month, shares of both companies have risen 6%. What's next for SpaceX as more shares enter the market and capex jumps Play video: What's next for SpaceX as more shares enter the market and capex jumps Musk holds a 48.4% equity stake in SpaceX, which represents approximately 6.42 billion shares across common stock, options and unvested performance awards, according to an August SEC filing. Musk also owns 20% of Tesla, according to a June SEC filing.
However, wealth calculations typically exclude the value of unvested performance shares. Musk also owns shares of his private companies Neuralink and the Boring Co. Don’t Short Yourself offers weekly money tips to help you earn it, stack it and grow it.
I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time. These positions make Musk’s net worth highly volatile.
His wealth peaked at $1.32 trillion in June following SpaceX’s IPO but then fell below $700 billion in August as those shares lost ground. Despite these fluctuations, Musk has solidly established himself as the wealthiest person in the world, both now and compared to previous eras. Musk’s current net worth makes him richer than the world’s next three wealthiest individuals — Google co-founder Larry Page, Amazon.com founder Jeff Bezos and and Google co-founder Sergey Brin — combined.
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