Musk is the world’s first trillionaire. Who was the first billionaire?

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People gather to watch a live feed with SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon

SpaceX was valued at over US$2 trillion (S$2.6 trillion) on June 12, pushing Ellon Musk’s net worth to US$1.2 trillion.

PHOTO: REUTERS

John S.W. MacDonald

NEW YORK - On June 12, the world’s richest person, Elon Musk, became its first trillionaire, following a record-setting initial public offering (IPO) from SpaceX, his rocket and artificial intelligence company.

The company ended the day valued at more than US$2 trillion (S$2.6 trillion), pushing Musk’s net worth to US$1.2 trillion.

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