Elon Musk just became world's first trillionaire: What does it mean in real terms

Published at : 13 June 2026, 03:09 pm
Elon Musk just became world's first trillionaire: What does it mean in real terms
Elon Musk departs after a welcome ceremony with President Donald Trump and China's President Xi Jinping at the Great Hall of the People, Thursday, May 14, 2026, in Beijing. Photo: AP

Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world's first trillionaire.

That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful of major economies — and, in the last decade alone, the value of some of the biggest companies to ever trade on the stock market, reports Associated Press.

Musk's new title arrives amid a wider acceleration for the richest of the rich. Year after year, his former (although now very distant) billionaires club has reaped a growing number of members — from tech titans to celebrities. All the while, more and more people worldwide are struggling to pay their everyday bills. Many have decried the arrival of the first trillionaire as the latest and most alarming example of that wealth gap.

The number "one trillion" is hard in itself for the human mind to comprehend. One trillion dollars is a thousand times greater than $1 billion. And a million times more than $1 million.

According to Forbes, Musk's net worth actually hit $1.1 trillion as of midday Friday, after SpaceX soared in its first moments on the market. Still, here's some ways to think about how far $1 trillion of that money could go.

To the moon and back, over 200 times

Thinking about what $1 trillion looks like is almost as astronomical as the interplanetary — and at this point, still far from realized — goals SpaceX has laid out for itself.

In terms of physical cash, one trillion U.S. dollar bills laid end to end would stretch nearly 97 million miles (or almost 156 million kilometers). That would account for the distance of more than 200 round trip journeys to the moon — which NASA says sits an average of 238,855 miles (nearly 384,400 kilometers) away from Earth. It would also surpass the roughly 93 million miles (about 150 million kilometers) between Earth and the sun.

$122 for every person on Earth

There are nearly 8.2 billion people living on Earth today, per the latest numbers from the U.S. Census Bureau. If $1 trillion was divided among the entire population, each person would receive almost $122.

Double the GDP of South Africa

One trillion dollars is more than double the annual GDP of South Africa, the country where Musk was born. According 2026 numbers from International Monetary Fund, the nation's output of goods and services stands at nearly $480 billion.

Only about 21 countries in the world have a GDP over the trillion dollar mark today. The U.S. and China lead the pack at more than $32.38 trillion and $20.85 trillion, respectively, but that's far ahead most other economies.

2.5 million homes in the US

Houses sold in the U.S. have a median sales price of about $403,200, per the latest numbers from the Federal Reserve Bank of St. Louis. With $1 trillion, you could buy nearly 2.5 million homes at that cost.

243 billion gallons of gas

At current U.S. gas prices — which averaged at nearly $4.11 a gallon Friday per AAA — $1 trillion could buy more than 243 billion gallons of regular fuel.

To help put that in context, that far surpasses the nearly 137 billion gallons Americans used on finished motor gasoline all last year. And prices at the pump were much less expensive in 2025. Steep oil prices, spanning from the U.S. and Israel's ongoing war against Iran, propelled the national average above $4 a gallon for the first time in four years.

Over $700 billion ahead the world's second richest person

According to Forbes, the second richest person in the world today is Google co-founder Larry Page — who carried a net worth of nearly $295 billion as of midday Friday. That's $705 billion under the trillion dollar mark.

In fact, the combined net worth, as of Friday, of the four men following Musk on Forbes' richest list — which, beyond Page, includes fellow Google co-founder Sergey Brin ($272 billion), Amazon's Jeff Bezos ($247 billion) and Oracle's Larry Ellison ($228 billion) — amounted to just over $1.04 trillion.

Those fortunes can oscillate by tens of billions of dollars by the day, or even a matter of hours. Musk's own net worth has rapidly ballooned in value. Just last year, his net worth sat at $342 billion per Forbes — up from $195 billion in 2024.

END/AP/ASA

Explosion kills 34 at illegal fuel depot in Benin

Published at : 24 September 2023, 02:43 pm
Explosion kills 34 at illegal fuel depot in Benin

At least 34 people, including two babies were killed when a contraband fuel depot exploded into flames in southern Benin near the border with Nigeria on Saturday.

According to Beninese Interior Minister Alassane Seidou, “a serious fire occurred in the town of Seme Podji. Another 20 people were seriously wounded in the incident.”

"I can't really give you the cause of the fire, but there is a large gasoline warehouse here and cars, tricycles and motorcycles come from morning to evening,” he added.

Nigeria is a main oil and gas producer where fuel smuggling is very common along its borders, particularly when the government maintains a subsidy to keep fuel prices low.

The majority of the victims were burnt and they could not be not be identified.

 

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Why
Published at : 16 September 2023, 06:28 am
Why do we use it?

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