Key facts
- Elon Musk is once again the world's only trillionaire.
- SpaceX's stock price reached $171.09 on Monday.
- Musk's net worth was estimated at $1.046 trillion by Forbes.
- Musk's wealth previously peaked at $1.32 trillion on June 16, according to Bloomberg.
- Jeff Bezos and Larry Page are the second and third wealthiest people, worth $371 billion and $284 billion respectively.
Elon Musk has regained his status as the world's only trillionaire, a milestone he first achieved in June following SpaceX's initial public offering. His wealth had previously dipped below the $1 trillion mark after an initial surge in SpaceX's stock price. However, a steady increase in the rocket and AI company's stock since early August, culminating in a nearly 8% boost on Monday to $171.09, pushed Musk's net worth back over the trillion-dollar threshold. Forbes estimated his wealth at $1.046 trillion as of Monday's market close. Musk's net worth previously peaked at $1.32 trillion on June 16, according to the Bloomberg Billionaires Index. The majority of Musk's wealth is derived from his stakes in SpaceX and Tesla, making his net worth closely tied to the performance of these companies.