(KWTX/Newsource) – Elon Musk is already the richest person in the world, but he could be on the verge of a first: becoming the world’s first trillionaire.
Musk currently holds an estimated $273 billion in stock and options tied to his role as Tesla CEO.
If SpaceX’s initial public offering moves forward as planned next week, Musk’s net worth could rise by an additional $841 billion — bringing his estimated total to roughly $1.1 trillion.
To put that number in perspective, Musk could spend $1 million every hour of every day and it would still take more than a century to spend it all.
Using data from the International Monetary Fund, experts believe Musk’s projected wealth would likely exceed that of the vast majority of the world’s nations.
Data also suggests he could buy all residential and commercial property in Houston and still have money left over.
CNN Business clarified Musk’s wealth is paper wealth, “not a pile of cash in a bank somewhere.”
“All of it is subject to how investors continue to value his companies, Tesla and SpaceX, going forward,” CNN reported.
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