Elon Musk’s net worth climbed to an estimated $1.4 trillion on June 16 after SpaceX shares continued their sharp rise following the company’s historic initial public offering.
The increase came as SpaceX gained more than 10 percent during its second full trading day as a public company, pushing its market valuation to approximately $2.77 trillion. The rally increased the value of Musk’s holdings and added hundreds of billions of dollars to his fortune within days.
The latest jump in Musk’s fortune underscores how far ahead he now stands from every other billionaire on the planet. In one trading day alone, Musk added more wealth than Bill Gates’ entire net worth. The gain also surpassed the fortune Warren Buffett built across decades of investing. What took some of the world’s most successful businessmen a lifetime to accumulate was effectively eclipsed by a single day of gains tied largely to the continued rise of SpaceX shares.
The latest figure comes shortly after Musk became the first person in history to surpass the $1 trillion mark in personal wealth. The rapid increase in SpaceX’s market value has further strengthened his position at the top of the global wealth rankings.
According to Forbes estimates, Musk’s fortune now exceeds the combined wealth of the next four richest individuals in the world. Those individuals include Google co-founders Larry Page and Sergey Brin, Amazon founder Jeff Bezos, and Oracle chairman Larry Ellison.
SpaceX has emerged as the primary driver of Musk’s wealth surge. The company’s strong performance following its public debut has elevated its valuation into the ranks of the world’s most valuable corporations and significantly increased the value of Musk’s ownership stake.
The latest increase further widens the gap between Musk and every other billionaire tracked by Forbes. What began as the world’s first trillion-dollar personal fortune has, within days, expanded into a level of wealth without precedent in modern economic history.
