Musk, already world’s richest person, eyes $1 trillion fortune

NEW YORK — Elon Musk’s estimated $839 billion net worth has made him the wealthiest individual ever recorded, Forbes said Tuesday, as billionaires worldwide saw their combined fortunes surge in the past year to an all-time high of $20.1 trillion. Musk topped the Forbes World’s Billionaires list for the second consecutive year after his fortune swelled by roughly $500 billion over the past twelve months, driven by rising valuations at Tesla and SpaceX, which is targeting a public offering in 2026. He is the first person ever to surpass the $800 billion mark and is on course to become the world’s first trillionaire. Musk’s monumental jump in wealth reflects a rollercoaster 2025 for Tesla that saw the electric vehicle maker’s stock price tumble through the spring amid consumer boycotts over the billionaire’s backing of Donald Trump and other far-right politicians. But Tesla shares rebounded in the second half of 2025 after Musk exited his Trump administration role and have remained lofty. The Forbes list is based on valuations as of March 1, 2026. Tesla champions believe the company is poi

Read Full Article