Elon Musk became the first trillionaire in world history when SpaceX went public on June 12, boosting his fortune to an estimated $1.1 trillion. Then as the rocket maker's stock soared by 40% to its all-time high during the trading day on June 16, Musk's net worth briefly peaked at a record $1.45 trillion, before SpaceX's stock sank by 31% through Tuesday. Thanks to that slump, and new restrictions on $116 billion of Musk's Tesla stock, the world's richest person is no longer a trillionaire. He is worth an estimated $962 billion as of the end of the day Tuesday.

Last Tuesday, Musk gave up $7.1 billion of his Tesla stock to cover the exercise price on all of the Tesla stock options he received as part of his 2018 CEO performance award, which was voided by a Delaware judge in 2024 and restored by the Delaware Supreme Court in 2025. After the latter ruling, Tesla and Musk entered into a new agreement in April that turned Musk's options into restricted stock upon exercise that he will forfeit unless he remains at Tesla through January 2028 as CEO or "an executive officer responsible for the Company's product development or operations."


https://www.forbes.com/sites/mattdurot/2026/06/24/elon-musk-is-no-longer-a-trillionaire/