Elon Musk’s net worth is set to cross $1.1 trillion making him the world’s first trillionaire after SpaceX’s bumper IPO
Technocrat Elon Musk is set to become the world’s first trillionaire as his rocket company SpaceX’s bumper listing could propel the richest person’s net worth over 1.1 trillion, according to a Reuters report. The bulk of his wealth is derived from stakes in Tesla and SpaceX, the latter of which raised a record $75 billion in its IPO.
Elon Musk has around $866 billion worth of stake in SpaceX. Combined with Tesla stake and other properties, his net worth is set to soar over the $1.1 trillion mark once the rocket company begins public trading in the United States markets today, on 12 June (Friday).
