Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk became the world’s first trillionaire on June 12 after SpaceX raised $75 billion in a record IPO, lifting his net worth to about $1.1 trillion. According to BeInCrypto, Forbes data shows Musk’s fortune exceeds the combined wealth of Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison, while the top 10 billionaires hold $3.1 trillion. US lawmakers renewed calls for wealth taxes, with Senator Elizabeth Warren, Senator Bernie Sanders, and Representative Pramila Jayapal backing proposals as inflation hit 4.2% in May and gas prices reached $4.1 a gallon.