Elon Musk has said he will not automatically leave his trillion‑dollar fortune to his 14 children, telling a Wall Street Journal event in New York this week that handing wealth and control of his companies to his heirs would be 'a mistake.' The comments from Elon Musk, who has just become the world's first trillionaire on paper after SpaceX's blockbuster stock market debut on Friday, cut directly against the more familiar billionaire script of dynastic inheritance.
The extraordinary numbers arrived after SpaceX began trading publicly, putting the rocket and satellite company's value at $1.77 trillion and catapulting Musk's personal net worth to unprecedented levels. He was already the world's richest man; the listing created a new category of ultra‑wealth that few countries, let alone individuals, can match on their balance sheets. Into that heady mix, Musk has now dropped a clear signal that his children should not count on the windfall.
