Elon Musk became the first person known to reach an estimated net worth of $1 trillion after SpaceX completed its initial public offering (IPO) in June 2026. The milestone made him the wealthiest individual in recorded history. Much of his fortune is tied to ownership stakes in companies such as SpaceX and Tesla, meaning his net worth can fluctuate significantly as their stock prices rise and fall. As a result, his estimated wealth may move above or below the $1 trillion threshold.
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