00:00It's Benzinga bringing Wall Street to Main Street
00:02Elon Musk's net worth reached $652 billion, placing him more than twice ahead of second-place
00:08Larry Page at $250 billion, according to Bloomberg. Musk's wealth exceeds the combined $638 billion
00:16of Jeff Bezos, Mark Zuckerberg, and Larry Ellison. Seven of the top 10 billionaires lost wealth in
00:222026, while Musk gained $32.5 billion. Tesla's stock fell 11.7% year-to-date, but Musk's holdings
00:31in SpaceX and XAI offset declines. Bloomberg estimates his 44% stake in those companies at
00:37$426 billion, based on a $1.03 trillion valuation. Reports suggest a potential $1.75 trillion valuation
00:47tied to an IPO, which could raise Musk's net worth to $996 billion, nearing $1 trillion.
00:55For all things money, visit Benzinga.com.
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