Updated Fri, Jun 12 2026 4:42 PM EDT Subscribe here to get access today. Shares of SpaceX gained roughly 20% Friday to close just above $160 apiece. That values the company at more than $2 trillion. Shares of Tesla rose almost 2% to roughly $406 apiece. Musk was first declared a billionaire by Bloomberg and Forbes in 2012, with the latter estimating his net worth at $2.4 billion at the time. His fortune reached $20 billion in 2019 and skyrocketed the following year after a Tesla stock split, making Musk the world's fifth centibillionaire — worth more than $100 billion — by Forbes' estimate. In the six years since, Musk's net worth has grown roughly tenfold. His fortune has surged by a rate unmatched even by the decade's previous "world's richest person" titleholders: Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates, and Bernard Arnault, head of the luxury empire LVMH. Google co-founder Larry Page, currently worth an estimated $295 billion, according to Forbes, takes a distant second place among the ranks of the world's richest people. Page is followed by a second Google co-founder, Sergey Brin; Bezos, and Oracle founder Larry Ellison, each worth more than $200 billion as of Friday, according to Forbes. That said, Gates' fortune would be a whopping $464 billion had he not given so much away to philanthropy, per Forbes' estimate. Read more