Who Became the World's First Trillionaire?
Discover how Elon Musk became the world's first trillionaire in 2026. Learn about his historic net worth above $1 trillion, his wealth breakdown, and the latest Forbes richest people rankings in this article.
Becoming a trillionaire has been one of the highest levels of personal wealth. But recently, in June 2026, according to Forbes, this historical achievement was made by Elon Musk, the owner of Tesla and SpaceX.
But do you know how Elon Musk became the world’s first trillionaire and what role the SpaceX IPO played? Then, let’s explore this article in detail.
World's First Trillionaire
Elon Musk is now the world's first trillionaire. But when a number gets that large, it can be hard to grasp what it really means.
— Forbes (@Forbes) June 12, 2026
Forbes broke down the scale of $1 trillion through the lens of everyday family expenses to show just how far a trillion dollars can stretch.
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Elon Musk, who is the owner of Tesla and SpaceX, has become the world's first trillionaire. This happened on June 12, 2026, when his company SpaceX started trading on the Nasdaq stock exchange under the ticker symbol SPCX.
According to Forbes, Elon Musk's net worth crossed the 1 trillion dollar mark and reached around 1.1 trillion dollars. This is a historic moment because no person in the history of the world has ever had this much personal wealth before.
Who is Elon Musk?
Elon Musk is a South African-born American entrepreneur who is co-founder of seven companies, including electric car maker Tesla, rocketmaker SpaceX and artificial intelligence startup xAI.
Here is the clean, scannable table of those personal stats:
| Aspects | Details |
| Personal Name | Elon Musk |
| Age | 54 |
| Source of Wealth | Tesla, SpaceX, Self Made |
| Self-Made Score | 8 |
| Philanthropy Score | 1 |
| Residence | Austin, Texas |
| Citizenship | United States |
| Marital Status | Divorced |
| Children | 14 |
| Education | Bachelor of Arts/Science, University of Pennsylvania |
How Did Elon Musk Become a Trillionaire?
Elon Musk became the world’s first trillionaire due to his huge jump in SpaceX IPO wealth. On June 11, 2026, SpaceX shares were priced at $135 each for the IPO, and this raised about 75 billion dollars, making it one of the highest IPOs in stock market history.
Then, on 12 June, SpaceX shares started trading on Nasdaq and opened at 150 dollars per share, and Elon Musk owns about 42 to 43 per cent of SpaceX, which is around 4.8 billion shares.
At the new share price, the SpaceX stake alone became more than 800 billion dollars, and combining with Tesla shares, his total net worth crossed 1.1 trillion dollars. This is how Elon Musk became a trillionaire.
Elon Musk's Wealth
| Stage | Approximate Net Worth |
| Before SpaceX IPO (early June 2026) | About 982.6 billion dollars |
| After SpaceX IPO (June 12, 2026) | About 1.1 trillion dollars |
Top 10 Richest People in the World (Forbes 2026 Data)
| Rank | Name | Net Worth | Main Company |
| 1 | Elon Musk | 1.1 trillion dollars | Tesla and SpaceX |
| 2 | Larry Page | About 309 billion dollars | |
| 3 | Sergey Brin | About 285 billion dollars | |
| 4 | Jeff Bezos | About 277 billion dollars | Amazon |
| 5 | Larry Ellison | About 276 billion dollars | Oracle |
| 6 | Michael Dell | About 244 billion dollars | Dell Technologies |
| 7 | Mark Zuckerberg | About 217 billion dollars | Meta |
| 8 | Jensen Huang | About 182 billion dollars | Nvidia |
| 9 | Bernard Arnault | About 148 billion dollars | LVMH |
| 10 | Steve Ballmer | About 141 billion dollars | Microsoft |
| 6 | Larry Ellison | About 190 billion dollars | Oracle |
| 7 | Bernard Arnault | About 171 billion dollars | LVMH |
| 8 | Jensen Huang | About 154 billion dollars | Nvidia |
| 9 | Warren Buffett | About 149 billion dollars | Berkshire Hathaway |
| 10 | Amancio Ortega | About 148 billion dollars | Zara |
Source: Forbes
Interesting Facts
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Elon Musk has been the richest person in the world since May 2024, and his current net worth is 1.1 trillion dollars
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Larry Page is now worth about $309 billion
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Steve Ballmer rejoins the top ten after jumping from No. 15 in May to No. 10 as of June 1.
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Bill Gates dropped out of the top 10 richest in October 2024 after Forbes obtained new information that led to a significant contraction in his fortune.
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9 of the 10 richest people in the world are Americans. The one non-U.S. citizen: France’s Bernard Arnault.
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All of the top ten richest people as of June 1 are men. Each of them is worth $141 billion or more, down from $147 billion last month.
Prabhat Mishra is a Subject Matter Expert and digital journalist with an extensive background in the competitive exam landscape and over 4 years of experience in education, national and international news, and current affairs. Over his tenure with top knowledge platforms like Mentorship India, IAS BABA, IAS SARTHI, and now Jagran Josh, he has a deep understanding of government exams like UPSC and State PCS, including UP and Bihar, as he has already qualified for the UPPCS 2022 Mains and Bihar 68th Mains. With his core expertise in history, polity, geography & current affairs, he specialises in creating well-researched, aspirant-centric content and simplifying complex topics for competitive examinations.
