Estimated net worth$1,001.8B1,001.8 billion US dollarsSupported range $941.6B to $1,001.8BSupported range 941.6 billion US dollars to 1,001.8 billion US dollars↓ -$24.8B(2.41%)estimated decrease of 24.8 billion US dollars over one day
Valued as of
Sources checked
Why two dates?
"Valued as of" is the effective date of the market closes, exchange rates, and filings inside the estimate. "Sources checked" is when the pipeline last verified those sources successfully. A weekend check can confirm a Friday valuation without inventing weekend movement.
As of September 4, 2026, Elon Musk's estimated net worth is about $1,001.8B(1,001.8 billion US dollars). That places Elon Musk at #1 among the people Net Worth Leader currently tracks.
This is an estimate of assets minus documented liabilities. It is not a cash balance, and many holdings may be restricted, pledged, illiquid, or difficult to value.
Summary
Elon Musk is the chief executive of Tesla and of Space Exploration Technologies, which absorbed xAI in February 2026 and listed on Nasdaq as SPCX in June 2026. With both companies now public, nearly all of the modeled estimate is priced daily from disclosed share counts, which makes this one of the most transparent profiles in the ranking despite its size.
How the fortune was built
Musk co-founded the company that became PayPal, then used the proceeds to found SpaceX in 2002 and to lead Tesla's early financing in 2004 before becoming its chief executive in 2008. His Tesla stake grew through the 2018 performance award, which he exercised in June 2026, and his SpaceX stake was concentrated through two decades of private financings, the xAI combination, and the June 2026 initial public offering.
What drives the estimate
The estimate moves with the SpaceX and Tesla share prices. SpaceX is the larger component because his Class A and Class B shares, plus a vested option, represent roughly four tenths of the company. Tesla contributes the trust-held shares and the restricted shares received from the 2018 award exercise.
Why the estimate changed
Elon Musk's estimate declined mainly because Tesla, Inc. shares decreased from the prior comparable close.
Tesla common stock held by the Elon Musk Revocable Trust: -$9.2Bestimated decrease of 9.2 billion US dollars (market price)
Tesla restricted shares from the exercised 2018 CEO Performance Award (vest January 2028): -$6.4Bestimated decrease of 6.4 billion US dollars (market price)
SpaceX Class A common stock held through trusts: -$1.5Bestimated decrease of 1.5 billion US dollars (market price)
SpaceX Class B common stock held through trusts (converts one-for-one into Class A): -$7.0Bestimated decrease of 7.0 billion US dollars (market price)
Vested SpaceX options on 350,000,000 Class B shares at $8.40, valued at intrinsic value: -$626.5Mestimated decrease of 626.5 million US dollars (market price)
A one-day estimate change is not the same as income, profit, or a realized gain or loss.
Asset and documented-liability breakdown
Material components of Elon Musk's estimate with values, dates, and evidence
Component
Class
Ownership
Valuation basis
Central value
Supported range
Evidence date
Price date
Sources
Freshness
Tesla common stock held by the Elon Musk Revocable TrustTesla, Inc. (TSLA, Common stock)
Vested SpaceX options on 350,000,000 Class B shares at $8.40, valued at intrinsic valueSpace Exploration Technologies Corp. (SPCX, Class A common stock)
listed equity
direct (350,000,000 option shares)
Option intrinsic value
$48.8B48.8 billion US dollars
$29.3B to $48.8B29.3 billion US dollars to 48.8 billion US dollars
Liabilities without a documented value are never shown as zero; they are simply not included, and that limitation is part of source coverage below.
Source coverage and uncertainty
100.0% of this profile's modeled gross value is supported by Tier 1 or Tier 2 evidence (primary filings, official documents, licensed market data, or audited accounts). The profile carries a strong coverage label.
The supported range shown in the header reflects documented uncertainty in privately valued components. Priced listed holdings carry no modeled range of their own. Unknown liabilities are not evidence that no liabilities exist. No personal liability is documented for this profile, so none is deducted.
Documented assumptions applied to this profile
Trust and holding-company shares reported as beneficially owned are counted. Shares held through revocable trusts, grantor retained annuity trusts, family partnerships, and holding companies are counted when the person reports them as beneficially owned with sole voting and dispositive power. Shares held by independent charitable foundations or explicitly disclaimed by the person are excluded.
Unearned and unvested performance awards are excluded. Performance-based restricted shares and options that have not been earned or vested are excluded from the central estimate because their value depends on future milestones the filings describe as uncertain. They are listed as a limitation on the profile.
Restricted shares from an exercised award are counted at market value with a documented low case. Shares received by exercising a vested award but still subject to a holding period or service-based vesting are counted at the market close because the economic interest has transferred. The low case applies a 40 percent reduction to reflect that income tax on the exercise spread is typically settled by selling or withholding shares and that the shares cannot be sold before the restriction lapses.
Vested options are valued at intrinsic value. Fully vested, exercisable options are valued at the market close minus the exercise price, floored at zero, multiplied by the number of option shares. Time value, taxes on exercise, and dilution are ignored, which is why the holding carries a documented low case.
Estimate history
Elon Musk: published estimate history
The timeline runs from June 12, 2026 to September 4, 2026; the latest estimate is lower than the first point. Points before August 20, 2026 are labeled modeled reconstructions: today's reviewed ownership records applied to the closing prices of each earlier market date. Published history begins August 20, 2026 and grows one point per completed market date.
The same history as an accessible table (50 points)
Share counts come from his June 2026 Forms 4 for Tesla and SpaceX. Excluded: 423,743,904 unearned Tesla shares under the 2025 CEO Performance Award, and 1,302,072,285 unvested SpaceX performance shares, because the filings describe their earning conditions as uncertain. The restricted shares from the 2018 award exercise carry a low case 40 percent below market to reflect tax on the exercise spread and the January 2028 vesting date. The 96 million-share interim award was forfeited in April 2026. No private assets, real estate, or liabilities are modeled; the 10-K/A notes that up to 207,498,721 Tesla shares may be pledged as loan collateral, and any such loan is not documented at face value.
Identity facts stored separately for this profile: citizenship United States, Canada, South Africa; residence United States; ranking attribution United States. Attribution reason: Resident in the United States, where Tesla and SpaceX are headquartered and listed; holds United States, Canadian, and South African citizenship.
Reviewed by Net Worth Leader editorial desk on August 20, 2026. General rules live in the methodology.