From $500 to $1tn: How Elon Musk built his fortune
Elon Musk is no longer a trillionaire following a decline in SpaceX stock and new restrictions on Tesla shares. He previously held this status for 12 days. His fortune once briefly surpassed $1.5 trillion.
What changed
Musk has fallen from trillionaire status due to stock slumps and accounting changes.
Live updates
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Elon Musk loses trillionaire status after brief peak
confidence 90%Elon Musk is no longer a trillionaire following a decline in SpaceX stock and new restrictions on Tesla shares. He previously held this status for 12 days. His fortune once briefly surpassed $1.5 trillion.
What's confirmed:
- Elon Musk is no longer a trillionaire.
- A decline in SpaceX stock contributed to the loss of his trillionaire status.
- Musk was the first trillionaire for 12 days.
- As a teenager, Musk sold a video game for $500.
- His business interests include rockets, electric vehicles, AI, and brain implants.
Still unconfirmed:
- New restrictions on $116 billion of Tesla shares dropped Musk from the four-comma-club.
- Musk's fortune briefly surged past $1.5 trillion on a Tuesday before settling at $1.4 trillion.
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Elon Musk Becomes World's First Trillionaire
confidence 90%Elon Musk has reached trillionaire status, with a net worth driven largely by his holdings in SpaceX and Tesla. His wealth grew from a childhood video game sale of $500 to a business empire including AI and brain implants. This milestone follows the public offering of SpaceX.
What's confirmed:
- Elon Musk is the world's first trillionaire.
- Musk's net worth is primarily derived from his shares in Tesla and SpaceX.
- As a teenager, Musk sold a video game for $500.
- Musk co-founded Zip2 and sold it to Compaq in 1999 for $307 million, receiving $22 million.
- Musk used $12 million from the Zip2 sale to co-found X.com in 1999.
- Musk received $176 million in 2002 after eBay acquired PayPal.
- Musk became the chairman and majority shareholder of Tesla in 2004 with a $6.3 million investment.
- Musk co-founded Neuralink in 2016 with a $100 million investment.
Still unconfirmed:
- Musk's net worth reached $1 trillion specifically on the day SpaceX went public.
- Musk's SpaceX stake is worth over $1 trillion.
- Each $1 gain in SpaceX stock adds $4.76B to Musk's net worth.
- Musk's current net worth is $1.5 trillion.
- Musk's fortune is exactly $1.09 trillion.