Elon Musk’s world’s first trillionaire status lasted for just 12 days as a result of sharp decline in SpaceX shares and weakness in Tesla shares which pulled Musk’s fortune back below the trillion-dollar threshold, according to billionaire rankings tracking his wealth.
This is reminder of how quickly fortunes can rise and fall when they are tied to public market valuations.
Musk crossed the trillion-dollar wealth mark on June 12, 2026, after his rocket and space technology company, SpaceX, made its historic debut on the stock market.
The listing created one of the biggest wealth jumps ever recorded, pushing Musk’s estimated net worth above the $1 trillion mark.
However, this lasted for just 12 days as Musk became the first person to reach a trillion-dollar fortune and then became one of the fastest examples of how quickly market sentiment can rewrite billionaire rankings.
In June 24, the milestone had disappeared based
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