Elon Musk has lost his position as the world’s first trillionaire after a sharp decline in the value of SpaceX and Tesla shares pushed his estimated fortune back below the $1 trillion mark.
His wealth is primarily derived from his ownership stakes in Tesla and SpaceX.His net worth fluctuates frequently due to the volatility of tech stocks and global market changes.
Elon Musk’s estimated net worth in June 24, 2026 is approximately $939 billion according to Forbes Real Time Billionaires, and roughly $957 billion according to the Bloomberg Billionaires Index.
According to Forbes’ billionaire rankings, Musk briefly crossed the historic threshold earlier in June after SpaceX’s public market debut sent the company’s valuation soaring and lifted his net worth to an estimated $1.1 trillion
However rally reversed quickly as SpaceX shares declined from their post-listing highs. The fall in the rocket company’s valuation, combined with weakness in Tesla stock, reduced
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