Elon Musk holds the top position on the world’s richest people list with a net worth of approximately $835 billion in June 2026, according to Forbes and other major wealth-tracking indices, extending his commanding lead as the wealthiest individual on the planet.
Musk’s fortune is primarily built on his ownership stakes in Tesla and SpaceX. According to Forbes, Musk owns approximately 41 to 42 percent of SpaceX, the aerospace and satellite company he founded in 2002. His stake in Tesla, the electric vehicle manufacturer, comprises the remainder of his wealth portfolio.
The gap between Musk and the second-richest person in the world is substantial. Larry Page, the Google co-founder, ranks second with a net worth estimated between $269 billion and $304 billion, according to Bloomberg and Forbes. This means Musk’s fortune exceeds the second-place billionaire by more than $500 billion, a margin that has widened significantly throughout 2026.
Musk’s wealth surged dramatically in the months leading up to June 2026. In March 2026, Forbes valued his net worth at $839 billion, and by early June it had climbed to approximately $835 billion despite some market volatility. The primary driver of this growth was SpaceX’s merger with xAI, Musk’s artificial intelligence startup, which valued the combined entity at $1.25 trillion in February 2026.
On June 12, 2026, SpaceX completed its initial public offering at $135 per share, raising a record $75 billion and becoming the largest IPO in history. The offering valued SpaceX at approximately $1.75 trillion. According to CNBC, based on SpaceX’s IPO prospectus, Musk’s shares in the company alone were worth more than $866 billion, on top of his Tesla holdings worth approximately $350 billion. This IPO event positioned Musk to become the world’s first trillionaire, with post-IPO estimates of his net worth reaching as high as $971 billion to $982 billion, according to Wikipedia and Forbes.
Musk’s wealth accumulation has been unprecedented in modern history. He became the first person to achieve a net worth exceeding $500 billion in October 2025, and by June 2026 had nearly doubled that figure. The combined wealth of the world’s 10 richest people as of June 2026 totaled approximately $2.9 trillion, according to wealth-tracking sources, with Musk accounting for roughly one-third of that total.
Sources
- Times of India — Elon Musk’s net worth of $835 billion as of June 2, 2026
- Forbes — Musk’s March 2026 net worth of $839 billion and SpaceX IPO details
- CNBC — SpaceX IPO prospectus showing Musk’s $866 billion SpaceX stake and $350 billion Tesla holdings
- Wikipedia — Post-IPO net worth estimates of $971-982 billion as of June 2026
- Yahoo Finance — Confirmation of $835 billion net worth in early June 2026
- Indian Express — Musk’s wide margin over second-richest person Larry Page
- Bloomberg Billionaires Index — Larry Page’s net worth of $304 billion
- BBC — SpaceX valuation at $1.75 trillion and Musk’s October 2025 milestone
