Elon Musk became the world’s first « trillionaire » in June 2026, with an estimated fortune of $1,320 to $1,450 billion, boosted by SpaceX’s IPO. Within six weeks, his wealth fell below the $700 billion mark, a drop of roughly $600 billion driven by SpaceX shares losing nearly half their value and methodological adjustments removing approximately $116 billion in unvested Tesla shares from the calculation. By early August 2026, his fortune stabilized around $777 to $783 billion according to Bloomberg and Forbes. Despite this major correction, Musk retains his position as the world’s richest person, with most of his wealth concentrated in SpaceX and Tesla.
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