On July 29, according to Forbes' real-time billionaire ranking, CEO of Tesla and SpaceX, Mr. Elon Musk, currently owns a net worth of 729.8 billion USD, an increase of 14.2 billion USD, equivalent to 1.98% after just one trading day.
This upward momentum appeared after many volatile sessions of Mr. Elon Musk's assets. Previously, Tesla shares were under selling pressure, while SpaceX also lost momentum after a hot upward phase after IPO, falling in 4/5 of the most recent weeks and about 43% lower than the peak in mid-June.
Previously, Elon Musk's assets decreased from 744 billion USD to 715.6 billion USD after only 2 Forbes updates, equivalent to "evaporating" about 28.4 billion USD. In the first session alone, he lost 18.9 billion USD, before continuing to decrease by another 9.5 billion USD in the next session. This series of declines has made international media call this a "bad week" for the richest person on the planet.
However, the latest developments show that the downward trend has reversed. The increase in assets by 14.2 billion USD helped Mr. Elon Musk regain a significant portion of the previous decline and bring total assets back close to the 730 billion USD mark.
Despite strong fluctuations in a short time, Mr. Elon Musk's position as the richest person on the planet has not been threatened. Currently, he owns assets of more than 455.9 billion USD compared to the second-placed person, Mr. Larry Page, co-founder of Google.
Most of Mr. Elon Musk's assets come from shares in Tesla, SpaceX, xAI and some other businesses. Therefore, every time Tesla shares or the valuation of these companies fluctuate, his assets can increase or decrease by tens of billions of USD in just one day.
According to Forbes ranking, the list of the 5 richest people in the world currently includes:
1. Elon Musk - CEO of Tesla and SpaceX, founder of xAI (7298 billion USD).
2. Larry Page - Co-founder of Google (273.9 billion USD).
3. Sergey Brin - Co-founder of Google (252.7 billion USD).
4. Jeff Bezos - Founder of Amazon (242.1 billion USD).
5. Michael Dell - Chairman and CEO of Dell Technologies (223.8 billion USD).
In which, Mr. Elon Musk's assets alone are larger than the total assets of Mr. Larry Page and Mr. Sergey Brin combined, showing a very large gap between the richest person on the planet and the rest of the ranking.
Forbes updates the rankings and asset values of billionaires in real time, which can vary depending on stock fluctuations, business valuations and financial markets. The data in the article reflects the update date of July 29, 2026.
