Elon Musk has officially become the wealthiest individual in recorded history, with a net worth of an estimated $839 billion, according to the Forbes World’s Billionaires List released on Tuesday, March 10, 2026.
The Tesla, SpaceX, and xAI CEO topped the annual ranking for the second consecutive year, with his fortune surging by roughly $500 billion over the past 12 months. The dramatic increase was driven primarily by rising valuations at Tesla (electric vehicles and energy storage) and SpaceX (space exploration and Starlink satellite internet), the latter of which is targeting a public offering in 2026.
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Musk is now the first person ever to surpass the $800 billion threshold and is widely projected to become the world’s first trillionaire within the next 12–24 months, assuming continued growth in his companies’ valuations.
Musk’s fortune has been volatile in the past due to Tesla stock fluctuations, but the latest surge reflects renewed investor confidence in his multi-planetary and AI ambitions.
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Global Billionaire Trends Forbes noted that the combined wealth of the world’s billionaires reached an unprecedented $20.1 trillion, fueled by strong equity markets, tech sector gains, and recovery in various industries post-pandemic. The list also highlighted a record number of new billionaires in emerging markets, particularly in Asia and Africa.
Musk’s achievement marks a historic milestone in wealth concentration, sparking renewed debate about inequality, taxation of extreme wealth, and the influence of individual billionaires on global policy and innovation.
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DDNewsOnline – Lagos
By Ogungbayi Beedee Adeyemi
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