New York (Lord Media): Elon Musk, the world’s richest person, is on the verge of becoming the first trillionaire. On June 11, 2026, Musk’s wealth increased by 274 billion U.S. dollars in a single day, bringing his total net worth to 971 billion U.S. dollars.
SpaceX, Musk’s company, raised 75 billion U.S. dollars through a public share sale on June 12. As a result, Musk needs an additional 29 billion U.S. dollars to reach trillionaire status, which is likely to be achieved through the sale of SpaceX shares.
The sale of SpaceX shares is expected to have a market value of 1,750 billion U.S. dollars. Musk owns 42% of SpaceX shares, and his wealth has increased by 351 billion U.S. dollars this year.
According to Oxfam research, in 2025, Musk’s wealth increased by 1 million U.S. dollars every minute, growing by more than 550 billion U.S. dollars. The research also indicates that Musk owns more wealth than 46% of the world’s poorest population combined.
