Elon Musk’s net worth is estimated at $922.9 billion as of October 2026, according to Forbes, which makes him the richest person in the world by a wide margin. Almost all of it sits in two public companies: SpaceX, which listed on the Nasdaq in June 2026 in the largest IPO ever, and Tesla.
Because both stakes are priced every trading day, his fortune moves by tens of billions in a week. He became the first trillionaire when SpaceX went public, briefly hit $1.4 trillion, fell back after the stock slumped and crossed $1 trillion again in October before slipping this week. The Radar Readout below shows what Forbes and Bloomberg say and exactly what the fortune is made of.
Radar Readout
Elon Musk net worth
Updated
Oct 25, 2026
Our estimate
$922.9B
Likely range $880B to $1.04T
Confidence
Verified. Forbes and Bloomberg track his stakes daily from public SpaceX and Tesla share prices, so the figure is verified but moves every trading day.
How the published estimates compare
- Forbes real-timeOct 25, 2026$922.9B
- Bloomberg indexOct 20, 2026$921B
- Bloomberg indexOct 5, 2026$1.04T
- Forbes peakJune 2026$1.4T
- Net Worth RadarOct 25, 2026$922.9B
The two big trackers agree within a few billion on the same day. The gaps come from the date: SpaceX stock swings have moved him from $1.4 trillion in June to about $900 billion this week.
How Forbes gets to $922.9 billion
- SpaceX shares (about 4.77 billion)$703B$669.5B to $794.6B
- Tesla shares (about 396 million)$147.3B$140.2B to $166.5B
- SpaceX options (350 million at $8.40)$48.7B$46.4B to $55B
- Other private assets$23.9B$23.9B
You vs. Elon
At $60,000 a year, it would take you 15,381,667 years to earn Elon’s estimated $922.9 billion, before tax and without spending a cent. A 1% daily move in his SpaceX stake ($7.6 billion) equals 126,666.7 years of your pay.
Sources and how we estimated this
Forbes values his roughly 38 percent SpaceX stake (including options) and nearly 11 percent of Tesla at the latest share prices, then adds his other private assets. The breakdown uses the October 23, 2026 closing prices of $147.49 for SpaceX and $372.22 for Tesla. Our range covers the swing on Forbes and Bloomberg through October 2026. How we fact-check
- Forbes: Elon Musk real-time profile (Oct 25, 2026)
- FinanceFeeds: Musk at $923 billion, holdings by share price (Oct 2026)
- Bloomberg via Yahoo Finance: Musk is a trillionaire again (Oct 5, 2026)
- Wikipedia: Initial public offering of SpaceX
- Al Jazeera: Musk says SpaceX and Tesla exploring a merger (Oct 21, 2026)
- Wikipedia: Wealth of Elon Musk
- Wikipedia: Elon Musk
Elon Musk Net Worth at a Glance
| Detail | Figure |
|---|---|
| Net worth (Forbes, October 25, 2026) | $922.9 billion |
| Bloomberg Billionaires Index | $921 billion (October 20 close) |
| World ranking | No. 1 |
| Peak | About $1.4 trillion (Forbes, June 2026) |
| SpaceX stake | About 38% including options, with about 82% of the votes |
| Tesla stake | Nearly 11%, not counting unvested award shares |
| Full name | Elon Reeve Musk |
| Born | June 28, 1971, Pretoria, South Africa |
| Age | 55 |
| Citizenship | United States (since 2002), South Africa and Canada |
| Education | University of Pennsylvania, degrees in physics and economics |
How Elon Musk’s $922.9 Billion Net Worth Is Built
| Holding | Value (Oct. 23 prices) | October range |
|---|---|---|
| SpaceX shares, about 4.77 billion | $703 billion | $669.5 billion to $794.6 billion |
| Tesla shares, about 396 million | $147.3 billion | $140.2 billion to $166.5 billion |
| SpaceX options, 350 million at $8.40 | $48.7 billion | $46.4 billion to $55 billion |
| Other private assets | $23.9 billion | $23.9 billion |
| Total | $922.9 billion | $880 billion to $1.04 trillion |
The breakdown follows Forbes’s method at the October 23, 2026 closing prices of $147.49 for SpaceX and $372.22 for Tesla. SpaceX alone is about 81 percent of his fortune, and Bloomberg says his SpaceX and Tesla stakes together make up more than 98 percent of it. A 1 percent move in SpaceX stock changes his net worth by about $7.6 billion.
SpaceX: The Largest IPO Ever
Musk founded SpaceX in May 2002. In February 2026 it acquired his artificial intelligence company xAI, which already owned X, in a deal that valued the combined company at $1.25 trillion.
On June 12, 2026, SpaceX listed on the Nasdaq under the ticker SPCX. It priced shares at $135, valuing the company at $1.77 trillion, and raised about $86 billion including the overallotment, the biggest IPO on record. The stock closed its first day at $161, up 19 percent, for a market value of about $2.1 trillion. That day Musk became the first person worth more than $1 trillion.
The ride since has been bumpy. Bloomberg reported that by late July his wealth had fallen more than $600 billion from its peak as the shares slumped on valuation worries. SpaceX then rebounded 58 percent from its August low, and on October 5 Bloomberg had him back at $1.04 trillion. In October SpaceX reported its first quarterly profit, $4.4 billion for July to September. Musk and other insiders agreed not to sell shares for 366 days after the IPO.
Tesla and the Pay Packages
Musk invested in Tesla in 2004 and became chief executive in 2008. His stake is worth about $147 billion at current prices, and Forbes leaves out unvested restricted stock that could add roughly another 8 percent of the company once it vests.
His pay has been a long legal fight. A Delaware judge voided his roughly $55 billion 2018 award in January 2024, but the Delaware Supreme Court restored it in December 2025, and he exercised those options on June 16, 2026. In November 2025 Tesla shareholders approved a new CEO award worth up to $1 trillion in stock if he hits a long list of milestones.
A Possible Tesla and SpaceX Merger
On October 20, 2026, Musk said SpaceX and Tesla had set up special committees to explore merging, a deal that would create a company worth more than $3 trillion. He called it a good idea with “a lot of merit” but said it is a high hurdle that would need approval from Tesla shareholders. No terms have been agreed. SpaceX shares jumped more than 8 percent after hours on the news.
From Zip2 to PayPal to Twitter
- Zip2: the software company he co-founded in 1995 sold to Compaq in 1999 for $307 million in cash. His 7 percent stake brought him $22 million.
- X.com and PayPal: X.com merged with Confinity in 2000 to form PayPal, which eBay bought in 2002 for $1.5 billion in stock. As the largest shareholder, Musk received $175.8 million.
- Twitter: he bought it on October 27, 2022, for about $44 billion. It was later folded into xAI.
- Neuralink and The Boring Company: he co-founded Neuralink in 2016 with $100 million of his own money and started The Boring Company in 2017.
How His Fortune Has Grown
| Milestone | When (Forbes) |
|---|---|
| First person worth $300 billion | November 2021 |
| First person worth $400 billion | December 2024 |
| $500 billion | October 2025 |
| $700 billion, after his 2018 Tesla options were restored | December 2025 |
| $800 billion, after SpaceX acquired xAI | February 2026 |
| First trillionaire, on the SpaceX IPO | June 2026 |
Homes, Giving and Spending
Musk said in 2020 that he would own no house. In February 2026, however, The New York Times identified at least 37 companies holding property that appears to be for his personal use, including condos, private planes and at least 1,000 acres of land.
The Musk Foundation held more than $14 billion in assets at the end of 2024. In 2022 he gave it Tesla stock worth about $2 billion. The foundation gave away less than 5 percent of its assets in 2021 and 2022, below the legal minimum for tax-exempt foundations.
Why Net Worth Figures for Musk Differ
| Source | Figure | Date |
|---|---|---|
| Forbes real-time | $922.9 billion | October 25, 2026 |
| Bloomberg Billionaires Index | $921 billion | October 20, 2026 close |
| Bloomberg Billionaires Index | $1.04 trillion | October 5, 2026 |
| Forbes real-time | $1.013 trillion | October 21, 2026 |
Forbes and Bloomberg land within a few billion dollars on the same day. Most differences you see online come from the date the figure was taken, and from whether unvested Tesla award shares are counted.
How Elon Musk Compares
No one else on our radar comes close, but these are the other billionaires and business builders we track:
- Michael Jordan net worth
- Jay-Z net worth
- Rihanna net worth
- Taylor Swift net worth
- Tyler Perry net worth
- Magic Johnson net worth
Frequently Asked Questions About Elon Musk’s Net Worth
How much is Elon Musk worth right now?
Forbes put him at $922.9 billion on October 25, 2026. Because his wealth is tied to SpaceX and Tesla stock, it can rise or fall by $10 billion or more in a single day.
Is Elon Musk a trillionaire?
He has been, but not this week. He first passed $1 trillion when SpaceX went public in June 2026, dropped below it during the summer slump, regained it in October and slipped back under it in the past week as SpaceX shares fell.
How much of SpaceX does Elon Musk own?
About 38 percent including options, according to Forbes, plus about 82 percent of the voting power through super-voting shares. At October 23 prices his SpaceX shares and options were worth about $752 billion.
How much of Tesla does Elon Musk own?
Nearly 11 percent, or about 396 million shares worth around $147 billion at October 23 prices. Unvested award shares could add roughly another 8 percent once they vest.
Who is the richest person in the world?
Elon Musk is No. 1 on both the Forbes and Bloomberg rankings as of October 2026.
Will a Tesla and SpaceX merger make him richer?
Not by itself, since he would swap two stakes for one. It could change his net worth if the market values the combined company above or below the two separately. No deal terms exist yet.