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Fortune
Fortune
Eva Roytburg

Elon Musk was the world's first trillionaire for 12 days

Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. (Credit: Apu Gomes/Getty Images)

Elon Musk, the world’s richest man, briefly held onto the title of being the world’s first and only trillionaire before his net worth was deflated back down to a more modest nine-figure amount. On June 12, the day SpaceX began trading on the Nasdaq, Musk became the first person ever to have a $1 trillion net worth. But by June 24, his fortune had flattened down to $957 billion, according to Bloomberg’s Billionaires Index.

During that period, the SpaceX and Tesla CEO was worth—depending on who was counting, using what measures, and what time during the day—somewhere between $1.32 trillion and $1.45 trillion at the top.

Forbes also downgraded Musk’s status, but gave him a few extra million than Bloomberg did: $962 billion, after removing $116 billion of restricted Tesla stock from its math. The two trackers still agree on the durable fact: he is still, by a wide margin, the richest person on the planet. (Larry Page trails far behind as the world’s second richest person, with a net worth hovering around $300 billion).

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