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 $700bn, 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. However, such a milestone may come sooner as the planned flotation of rocket-builder and satellite operator SpaceX, which also owns X, Grok and Starlink, could boost Musk's net worth to about $1tn. But the billionaire is also known for using his social media platform to air his views on a vast array of topics, particularly politics.