{"id":720471,"date":"2026-06-07T06:15:23","date_gmt":"2026-06-07T06:15:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/720471\/"},"modified":"2026-06-07T06:15:23","modified_gmt":"2026-06-07T06:15:23","slug":"elon-musk-is-poised-to-become-the-first-trillionaire-just-how-much-money-is-1-trillion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/720471\/","title":{"rendered":"Elon Musk is poised to become the first trillionaire. Just how much money is $1 trillion?"},"content":{"rendered":"

Summary<\/p>\n

Elon Musk is poised to become the world’s first trillionaire following SpaceX’s planned initial public offering next week.
\n His combined holdings in Tesla and SpaceX could reach $1.11 trillion, surpassing the economies of most nations.
\n The article explains the scale of Musk’s wealth through comparisons, from Manhattan’s economy to global sports franchises.<\/p>\n

\n AI-generated summary was reviewed by a CNN editor.<\/p>\n

\n Elon Musk is poised to become the world\u2019s first trillionaire. It\u2019s a staggering amount of wealth never seen before in the history of human commerce.\n <\/p>\n

\n Musk already owns $273 billion in stock and options thanks to his role as Tesla CEO. But if the initial public offering<\/a> of SpaceX\u2014his rocket and artificial intelligence company\u2014goes as planned next week, he could soon be worth an additional $841 billion. (He would own nearly half the stock of SpaceX, which the IPO is on track to value at $1.77 trillion in total.) All told, that\u2019s $1.11 trillion for Musk from just his two public companies.\n <\/p>\n

\n However, Musk\u2019s wealth is paper wealth, not a pile of cash in a bank somewhere. All of it is subject to how investors continue to value his companies, Tesla and SpaceX, going forward.\n <\/p>\n

\n One trillion dollars is one million million dollars. That would be impossible to spend in any reasonable manner in one lifetime. If one were to spend $1 million every hour every day, it would still take more than a century to spend $1 trillion.\n <\/p>\n

\n To help put it in context, here are six things that are (soon) to be worth less than Elon Musk.\n <\/p>\n

\"Night<\/p>\n

\n Across the globe, only 20 countries have economies that are larger than $1.1 trillion, according to the International Monetary Fund<\/a>. That means the vast majority of the world\u2019s nations have an economy worth less than Musk.\n <\/p>\n

\n Among them are Taiwan ($977 billion), Ireland ($779 billion) Sweden ($760 billion) and Singapore ($660 billion), along with Musk\u2019s native South Africa ($480 billion).\n <\/p>\n

\"The<\/p>\n

\n Of course, you don\u2019t have to go overseas to find economies smaller than Musk\u2019s investment portfolio.\n <\/p>\n

\n The island of Manhattan, home base for many of America\u2019s financial and corporate powerhouses including Wall Street, had a gross domestic product of just over $1 trillion in 2024. (That\u2019s the most recent year for which data is available from the Federal Reserve<\/a>.)\n <\/p>\n

\"Houston<\/p>\n

\n Houston<\/a> is the nation\u2019s third largest city, behind only New York and Los Angeles. The Texas city, located on the Gulf Coast, is a hub for the booming oil and gas industry in the United States.\n <\/p>\n

\n All the property in the city, both residential and commercial, is worth about $879 billion in total, according to the most recent data available.\n <\/p>\n

\"Vehicles<\/p>\n

\n After housing, cars and trucks are the largest purchase made by most Americans.\n <\/p>\n

\n The average price of a new car hit a record of $48,402 across all sales last year. Even so, Americans bought 16.3 million new cars in 2025, which cost a total $789 billion.\n <\/p>\n

\"(Left<\/p>\n

\n Musk is already the richest person in the world. But his net worth could soon leave his tech billionaire peers in the dust.\n <\/p>\n

\n Even if you lump together the wealth estimates<\/a> of the next four richest \u2013 Google founders Larry Page and Sergey Brin, Oracle founder Larry Ellison and Amazon founder Jeff Bezos \u2013 their combined net worths of $1.09 trillion falls just short of Musk\u2019s wealth.\n <\/p>\n

\n Like Musk, they all made their fortunes from stocks of the tech firms they founded.\n <\/p>\n

\"Helmets<\/p>\n

\n Sports teams are the one of the most expensive toys billionaires love to purchase. But $1 trillion could buy you virtually every sports team on the planet.\n <\/p>\n

\n In fact, the 50 most valuable sports teams from around the world are worth only a third of that when combined\u2013 an estimated $353 billion according to Forbes<\/a>, which tracks sports teams\u2019 valuations. That includes the most valuable, the NFL\u2019s Dallas Cowboys at an estimated $13 billion, down to number 50, the Toronto Raptors of the NBA at about $5 billion.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Summary Elon Musk is poised to become the world’s first trillionaire following SpaceX’s planned initial public offering next…\n","protected":false},"author":2,"featured_media":720472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-720471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/720471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=720471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/720471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/720472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=720471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=720471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=720471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}