\nSpaceX began trading on the Nasdaq Friday, boosting Musk\u2019s fortune to an estimated $1.1 trillion<\/i><\/p>
NEW YORK--(BUSINESS WIRE)--#Forbes<\/a>--On Friday, Forbes declared<\/a> Elon Musk as the world\u2019s first trillionaire<\/b>, as SpaceX\u2019s stock began trading on the Nasdaq at $150 per share, giving the company a nearly $2 trillion market cap. Forbes estimates that the IPO has boosted Musk\u2019s fortune to $1.1 trillion, as of Friday morning. His net worth rose by $188 billion to an estimated $982 billion<\/a> on Thursday evening, when SpaceX priced the IPO at $135 per share.<\/p> \nLooking at Musk\u2019s wealth portfolio, the SpaceX chairman, CEO and chief technical officer, owns 4.8 billion shares of SpaceX<\/b>, worth $715 billion<\/b>, and has another 350 million stock options worth $50 billion<\/b>, giving him a 38% stake in the company. Learn more about the breakdown of Musk\u2019s wealth in this story published today: SpaceX\u2019s IPO Just Made Elon Musk The World\u2019s First Trillionaire<\/a>.<\/p> \nMusk first debuted on Forbes\u2019 annual World\u2019s Billionaires list in 2012, with an estimated $2 billion fortune, making him the 634th-richest person in the world. From there, it only took Musk just nine years to become the world\u2019s wealthiest person for the first time in January 2021 as Tesla\u2019s shares soared, propelling Musk past Bezos for the No. 1 spot. Read more about the history of the Forbes World\u2019s Billionaires list and the journey to Musk becoming a trillionaire here<\/a>.<\/p> \n\u201cElon Musk\u2019s ascent to a $1 trillion fortune represents a milestone once considered unimaginable, highlighting how rapidly wealth can be created in an increasingly interconnected and technology-driven world,\u201d said Matt Durot, Deputy Editor, Wealth at Forbes<\/b>. \u201cForbes remains the definitive source for understanding who is creating wealth, how they are creating it, and what it means for the future of business, and today marks a new chapter in the evolution of global business and entrepreneurship.\u201d<\/p> \nFor over 40 years, Forbes has been the definitive authority on tracking and analyzing the wealth of the world\u2019s richest individuals. Since launching its first World\u2019s Billionaires List in 1987, Forbes has built an unmatched repository of data, research, and institutional expertise, creating the global benchmark for wealth measurement. Through rigorous reporting, extensive financial analysis, and a trusted methodology refined over decades, Forbes has chronicled the rise and fall of fortunes across industries, countries and generations.<\/p> \n\u201cNo other media brand combines the same depth of historical wealth data, editorial credibility, and global reach, making Forbes the most trusted source for understanding who holds the world\u2019s wealth, how it was created, and how it continues to shape the global economy,\u201d said Randall Lane<\/b>, Chief Content Officer, Forbes.<\/p> \nAbout Forbes<\/b><\/p> \nForbes is an iconic global media brand that has symbolized success for over a century. Fueled by journalism that informs and inspires, Forbes spotlights the doers and doings shaping industries, achieving success and making an impact on the world. Forbes connects and convenes the most influential communities ranging from billionaires, business leaders and rising entrepreneurs to creators and innovators. The Forbes brand reaches more than 140 million people monthly worldwide through its trusted journalism, signature ForbesLive events and 49 licensed local editions in 81 countries.<\/p> \nMedia contacts:<\/b> SpaceX began trading on the Nasdaq Friday, boosting Musk\u2019s fortune to an estimated $1.1 trillionNEW YORK–(BUSINESS WIRE)–#Forbes–On Friday, Forbes declared Elon Musk as the world\u2019s first trillionaire, as SpaceX\u2019s stock began trading on the Nasdaq a…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20504","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20504"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20504\/revisions"}],"predecessor-version":[{"id":20505,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20504\/revisions\/20505"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}