Elon Musk is now richer than any American ever — and it’s not even close
Musk’s trillioniare status means he’s wealthier than his next three contemporaries combined — and also worth more than historical tycoons like John D. Rockefeller.
Elon Musk's net worth reached a high of $1.05 trillion before dropping to $987 billion. According to Fortune, his wealth is tied to his companies' success and not stored in a bank account.
Musk's net worth loss was partly due to a decline in SpaceX and Tesla shares. SpaceX shares fell after a report that the company plans to raise $40 billion to buy Nvidia chips, which may have raised concerns about its spending needs and debt load.
Musk's wealth is significantly higher than his contemporaries and historical tycoons, with MarketWatch noting that he is worth more than his next three contemporaries combined and historical tycoons like John D. Rockefeller.
Brief written by urgent.news from MarketWatch, Fortune — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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