Elon Musk's net worth hits $1.32 trillion after SpaceX IPO
Business
Elon Musk just got a lot richer: his net worth jumped to $1.32 trillion after SpaceX's record-breaking IPO last week, according to Bloomberg.
Over the last four trading days, his fortune grew by $620 billion as SpaceX shares soared nearly 50%.
That's the biggest wealth jump ever tracked in such a short time.
Musk's wealth largely locked in companies
Nearly 75% of Musk's wealth is now tied to SpaceX, which has shot past Amazon in value.
Fun fact: his recent gain alone is worth more than the combined fortunes of every ranking billionaire in Latin America or the Middle East.
Still, most of his money isn't cash: it's locked up in his companies, so selling big chunks could shake things up.