Author: HAKIZIMANA Maurice
On Friday, Forbes declared Elon Musk as the world’s first trillionaire, as SpaceX’s stock began trading on the Nasdaq at $150 per share, giving the company a nearly $2 trillion market cap. Forbes estimates that the IPO has boosted Musk’s fortune to $1.1 trillion, as of Friday morning. His net worth rose by $188 billion to an estimated $982 billion on Thursday evening, when SpaceX priced the IPO at $135 per share.
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Another article to read:Elon Musk returns to business, he will no longer be able to serve in the Trump administration
SpaceX began trading on the Nasdaq Friday, boosting Musk’s fortune to an estimated $1.1 trillion
Looking at Musk’s wealth portfolio, the SpaceX chairman, CEO and chief technical officer, owns 4.8 billion shares of SpaceX, worth $715 billion, and has another 350 million stock options worth $50 billion, giving him a 38% stake in the company. Learn more about the breakdown of Musk’s wealth in this story published today: SpaceX’s IPO Just Made Elon Musk The World’s First Trillionaire.
Musk first debuted on Forbes’ annual World’s Billionaires list in 2012, with an estimated $2 billion fortune, making him the 634th-richest person in the world. From there, it only took Musk just nine years to become the world’s wealthiest person for the first time in January 2021 as Tesla’s shares soared, propelling Musk past Bezos for the No. 1 spot.
Read more about the history of the Forbes World’s Billionaires list and the journey to Musk becoming a trillionaire here.
“Elon Musk’s ascent to a $1 trillion fortune represents a milestone once considered unimaginable, highlighting how rapidly wealth can be created in an increasingly interconnected and technology-driven world,” said Matt Durot, Deputy Editor, Wealth at Forbes. “Forbes remains the definitive source for understanding who is creating wealth, how they are creating it, and what it means for the future of business, and today marks a new chapter in the evolution of global business and entrepreneurship.”
You may also read:ELON MUSK BECOMES THE RICHEST MAN IN HISTORY
“No other media brand combines the same depth of historical wealth data, editorial credibility, and global reach, making Forbes the most trusted source for understanding who holds the world’s wealth, how it was created, and how it continues to shape the global economy,” said Randall Lane, Chief Content Officer, Forbes.
For over 40 years, Forbes has been the definitive authority on tracking and analyzing the wealth of the world’s richest individuals. Since launching its first World’s Billionaires List in 1987, Forbes has built an unmatched repository of data, research, and institutional expertise, creating the global benchmark for wealth measurement. Through rigorous reporting, extensive financial analysis, and a trusted methodology refined over decades, Forbes has chronicled the rise and fall of fortunes across industries, countries and generations.
READ also: IN 2024: BERNARD ARNAULT IS ONCE AGAIN THE RICHEST MAN IN THE WORLD, AHEAD OF JESS BEZOS, ELON MUSK, MARK ZUCKERBERG AND BILL GATES
You may read also: Elon Musk: the first trillionaire on the planet
This world
Prof HAKIZIMANA Maurice II Follow my WhatsApp channel https://whatsapp.com/channel/0029VaCyM5ILdQejDYwQ2b2u II Follow my facebook page: https://www.facebook.com/professormaurice/.
Mwalimu Hakizimana Maurice is a professional teacher holding a Master Meef in Education from Université Catholique de Paris and a degree in Humanities from Sorbonne Université. He also holds a professional certification in tourism and management awarded by the French Ministry of Labour and Solidarity (Paris Region). He is a teacher and staff member at the Cité internationale universitaire de Paris.
Professor Hakizimana Maurice is the author of the book “UTABA AMATEKA NTABONA ITAKA” (Editions Scribes).
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