Elon Musk | Photo Credit: ADREES LATIF

It took Elon Musk 54 years to make his first trillion dollars. Two trading days later, he’s already nearly a third of the way to his next trillion.

Musk’s fortune rose to $1.32 trillion Tuesday, according to the Bloomberg Billionaires Index. That’s almost 90 per cent greater than the $696 billion he was worth last Wednesday, the day before SpaceX priced its IPO at $135 per share.

Musk’s $620 billion haul over the last four trading days has been the largest ever recorded by Bloomberg’s wealth index and is worth more than the combined fortunes of every ranking billionaire in Latin America or the Middle East. It’s a surge about six times larger than Bill Gates’ net worth, and is slightly larger than the gross domestic product of Norway. 

Nearly all of the gain in Musk’s fortune has come from his stake in SpaceX, his rocket and artificial intelligence company, which completed the largest IPO in history last week and accounts for nearly three-quarters of Musk’s total wealth. The company’s shares have surged nearly 50 per cent since, overtaking Amazon.com Inc. in market value. 

To be sure, Musk’s fortune remains largely on paper with few assets outside of holdings in his own companies, according to Bloomberg’s wealth index. If he were to liquidate a stake in any of his businesses, it could sink their value with his investors. 

More stories like this are available on bloomberg.com

Published on June 17, 2026