Elon Musk’s Net Worth Tops $1 Trillion Again on Tesla, SpaceX Gains

Elon Musk’s net worth rose back above $1 trillion after gains in Tesla and SpaceX shares, according to Forbes’ real-time billionaires list. 

Forbes reported Musk’s fortune increased by about $62.3 billion in one day following a 7.6% rise in SpaceX shares and an 8.6% increase in Tesla stock. 

Musk holds about 4.8 billion SpaceX shares, 350 million SpaceX stock options and roughly 700 million Tesla shares, Forbes said. He fell below $1 trillion earlier when the outlet adjusted its calculation to exclude restricted Tesla shares and after a pullback in SpaceX stock. 

He remains the world’s richest person, ahead of Google co-founders Larry Page and Sergey Brin, Forbes reported. 

Musk first reached a $1 trillion net worth earlier this month after SpaceX’s public listing, according to Forbes. He is also the first person to pass $400 billion through $900 billion in wealth, the list shows. 

Tesla shareholders have also approved a new compensation plan that could be worth nearly $1 trillion over 10 years if the company meets performance targets.