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Elon Musk has reached a new milestone by becoming the world's first trillionaire, thanks to the impressive stock market debut of his company SpaceX. According to Bloomberg, Musk's net worth is now estimated at about $1. 11 trillion, putting him far ahead of other wealthy individuals like Google co-founders Larry Page and Sergey Brin, Amazon's Jeff Bezos, and Bernard Arnault from LVMH. Musk's journey to the top of the rich list has been anything but smooth. Back in January 2020, he was ranked only 35th among the world's richest people, with a fortune of around $28 billion. However, his wealth skyrocketed as the value of his two main companies, Tesla and SpaceX, increased dramatically.

Musk's financial journey over the past six years has been full of ups and downs, much like a jagged mountain range. His net worth saw dramatic surges and steep declines, mostly driven by changes in Tesla's share price, the rising value of SpaceX, and shifts in political and investor opinions. For example, in January 2021, Musk briefly overtook Jeff Bezos as the world's richest person. By November 2021, Tesla's stock had surged, pushing Musk's wealth to $340 billion. However, his fortune dropped in 2022 after he bought Twitter, falling to $204 billion, and then to $124 billion in early 2023. In June 2024, NASA awarded SpaceX a major contract, and later, when SpaceX went public, Musk's net worth soared to $1. 11 trillion by June 2026.

Despite his massive fortune, most of Musk's wealth is tied up in stocks rather than cash. He owns about 12 percent of Tesla, which is valued at around $1. 5 trillion, and 42 percent of SpaceX, now worth over $2 trillion. He also has stakes in smaller companies like The Boring Company and Neuralink. This means his wealth can change quickly depending on how these companies perform. In fact, Musk has said that only a small part of his net worth is held in cash. Over the years, the list of the world's richest people has changed a lot. In the past, most of the top billionaires made their money in finance or manufacturing. Today, technology leaders dominate the list. In 2015, only two of the top ten richest people were from the tech industry. Now, seven out of ten are, with Musk leading the way. This shift shows how much technology has changed the world and created new opportunities for wealth.