Elon Musk Net Worth 2026
Elon Musk’s net worth is $869 billion (about ₹82.8 lakh crore) as of 1 November 2026, according to Forbes 12. Nearly four-fifths of it is his 38% stake in SpaceX, which now owns xAI; most of the rest is his nearly 11% stake in Tesla 1. He is the richest person in the world.
What is Elon Musk’s net worth in 2026?
Elon Musk’s net worth was $869 billion on 1 November 2026, according to Forbes’ real-time tracker. That was $68 billion lower than a month earlier, after SpaceX shares fell during an October sell-off in AI-related stocks 13.
The Bloomberg Billionaires Index gave a similar figure: about $865 billion at the end of October 2026 3. Two respected trackers landing within $5 billion of each other is a sign the estimate is solid, but both change daily with the share prices of SpaceX and Tesla.
| Tracker | Elon Musk net worth | Date |
|---|---|---|
| Forbes Real-Time Billionaires | $869 billion | 1 Nov 2026 1 |
| Bloomberg Billionaires Index | about $865 billion | 31 Oct 2026 3 |
| Year | Net worth | Change | Rank |
|---|---|---|---|
| 2026 | $869.0B | - | #1 |
How is Elon Musk’s net worth calculated?
Elon Musk’s net worth is mostly the market value of his shares, minus estimated debts. Since SpaceX listed in June 2026, both of his main holdings trade publicly, so the estimate follows their share prices closely.
| Asset | Stake | What it means |
|---|---|---|
| SpaceX (including xAI and X) | 38%, including options (Forbes) 1 | About 4.77 billion shares plus 350 million options, worth about $690 billion at the 30 Oct close of $135.90 (Bloomberg-based) 3 |
| Tesla | Nearly 11% (Forbes) 1 | Counted at market value |
| Restricted Tesla stock | About 8% more | Excluded by Forbes; worth about $115 billion before tax if it could be sold today 1 |
| Neuralink, The Boring Company | Private stakes | Smaller private holdings |
| Cash, property, aircraft | Not disclosed | Managed through his family office, Excession LLC 4 |
Forbes leaves out shares he cannot yet sell. Performance-based awards could lift his stakes to as much as 47% of SpaceX and 29% of Tesla, but they are not counted until earned 1.
Elon Musk net worth in rupees
At the RBI reference rate of ₹95.2492 per US dollar on 30 October 2026, Elon Musk’s net worth of $869 billion equals about ₹82.8 lakh crore (₹8,277,000 crore) 2. The rupee figure moves with both his share prices and the dollar–rupee rate.
How did the SpaceX IPO change Elon Musk’s net worth?
The SpaceX listing was the biggest single jump in his wealth. In February 2026 SpaceX merged with xAI, in a deal that valued the combined company at $1.25 trillion 5. On 12 June 2026 SpaceX began trading on Nasdaq under the ticker SPCX at an IPO price of $135, and closed its first day at $161 6.
That day Elon Musk became the first person ever worth more than $1 trillion 6. SpaceX shares hit a record $225.64 on 16 June, then fell back. By 30 October they were at $135.90, just above the IPO price 3. Most of the drop in Musk’s fortune since June comes from that fall.
Elon Musk net worth history
| Date | Elon Musk net worth | What happened |
|---|---|---|
| 2012 | $2 billion | First appears on a Forbes list 4 |
| Jan 2020 | $27 billion | Before Tesla’s 2020 share rally 4 |
| Dec 2020 | about $177 billion | Up about $150 billion in one year 4 |
| Nov 2021 | over $300 billion | First person above $300 billion 4 |
| Dec 2022 | down about $200 billion | First person to lose $200 billion, after Tesla shares fell 4 |
| Dec 2024 | over $400 billion | First person above $400 billion 4 |
| Oct 2025 | $500 billion | New milestone 4 |
| Dec 2025 | $600 billion, then $700 billion | Tesla pay ruling and SpaceX valuation rise 4 |
| Feb 2026 | $800 billion | SpaceX merges with xAI 4 |
| Apr 2026 | $839 billion | Tops Forbes’ 2026 World’s Billionaires list 7 |
| 12 Jun 2026 | over $1 trillion | SpaceX IPO; first trillionaire 6 |
| Jul 2026 | below $1 trillion | SpaceX shares fall 4 |
| Early Oct 2026 | about $1.04 trillion | Brief return after Starship reaches orbit 3 |
| 1 Nov 2026 | $869 billion | Latest Forbes figure 1 |
Does Elon Musk take a salary?
No. Elon Musk takes no salary from Tesla; his pay comes as stock awards tied to targets 8.
- 2018 Tesla award: Options worth about $56 billion at the time. A Delaware court cancelled the award in January 2024, shareholders re-approved it in June 2024, and the Delaware Supreme Court restored it in December 2025 4. Musk exercised about 304 million options in June 2026; the new shares stay restricted until January 2028 and then locked up until 2033 9.
- 2025 Tesla award: Approved by about 75% of shareholders on 6 November 2025. It has 12 tranches over ten years, each needing a market-value target (up to $8.5 trillion) and an operating target, such as selling one million Optimus robots. If fully earned, it would raise his voting stake to 28.8% 8.
How does Elon Musk compare with other billionaires?
As of 1 November 2026, Musk’s fortune was about 2.4 times that of the world’s second-richest person 10.
| Rank | Person | Net worth (Forbes, 1 Nov 2026) |
|---|---|---|
| 1 | Elon Musk | $869 billion |
| 2 | Jeff Bezos | $361 billion |
| 3 | Larry Page | $233 billion |
| 4 | Michael Dell | $229 billion |
| 5 | Sergey Brin | $214 billion |
What does Elon Musk do with his money?
Most of Elon Musk’s net worth stays in his companies. His charity, the Musk Foundation, held over $14 billion in assets at the end of 2024, though reporting has found it paid out less than the legal minimum in some years 4. He was also the largest individual political donor of the 2024 US election, spending more than $291 million 4. His homes, cars and jets are covered on house, cars and lifestyle.