Elon Musk is a trillionaire again
Elon Musk is once again a trillionaire, a title he initially held in June after SpaceX's blockbuster IPO.
Elon Musk has reclaimed his trillionaire status, following a surge in SpaceX's stock price. Earlier this year, Musk made history by becoming the world's first trillionaire after SpaceX's initial public offering in June. However, the stock price later dropped, causing Musk's net worth to decline. As of Monday, SpaceX's stock price had climbed back to $171.09, bringing Musk's net worth back over the trillion-dollar mark, according to Forbes.
The billionaire's wealth was previously at its peak on June 16, estimated at $1.32 trillion by the Bloomberg Billionaires Index. As of Monday, the second and third wealthiest people in the world were Amazon founder Jeff Bezos, worth $371 billion, and Google cofounder Larry Page, valued at $284 billion, respectively, according to Forbes.
Musk's net worth is largely dependent on his stakes in SpaceX and Tesla, both of which are typically tied to the success of those companies.
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