From Pretoria to Trillionaire: Elon Musk’s Historic Wealth Milestone
On June 12, 2026, SpaceX debuted on the Nasdaq at $150 per share, valuing the company near $2 trillion. That launch pushed Elon Musk’s net worth past the trillion-dollar mark, according to Forbes. Musk’s journey began after he sold PayPal in 2002. He reinvested the proceeds into SpaceX and expanded his role at Tesla. Today, his 38 percent stake in SpaceX—which has grown nearly twentyfold since 2021—is the engine of his fortune. Born in Pretoria in 1971, Musk moved abroad and built his empire in North America. His rise highlights a stark irony: Africa is home to 1.5 billion people but has yet to produce a single $100 billion company. This milestone raises a key question: what will it take for the next global giant to stay on the continent?
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