The boss of SpaceX, Tesla and X (formerly Twitter) is the world's richest person
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He became the first person to achieve a net worth of more than half a trillion dollars (£370.9bn) in October 2025, according to Forbes, and a month later, Tesla shareholders approved a record-breaking pay deal that could be worth $1 trillion.
Key facts
These included a web software firm and an online banking company that eventually became PayPal, which was sold to eBay in 2002 for $1.5bn (£1.2bn)
If SpaceX's shares float at the planned offer price of $135 a share, Musk's net worth would rise to about $988bn
He became the first person to achieve a net worth of more than half a trillion dollars (£370.9bn) in October 2025, according to Forbes, and a month later, Tesla shareholders approved
With a current estimated net worth of about $726bn, Musk sits well above wealthy tech billionaires topping rich lists, including Google co-founders Larry Page and Sergey Brin, Oracle co-founder Larry
Summary
It seems like not a day goes by without billionaire Elon Musk making headlines - and in the future, they may be calling him a trillionaire. The boss of SpaceX, Tesla and X (formerly Twitter) is the world's richest person. The planned flotation of SpaceX, which builds space exploration rockets and infrastructure but also owns xAI and Starlink, could push his net worth to about $1tn. But as well as his business ventures, Musk is also known for using his social media platform to air his views on a vast array of topics, particularly politics.