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Musk Holds No. 1 as Ellison Rises to Seventh

Forbes published a list of the world’s 10 richest people for September 2026.

Elon Musk stayed in first place.

Larry Ellison moved up to seventh place.

Musk became the first person said to have a fortune of one trillion dollars.

This happened after SpaceX began trading and reached a very high market value.

Musk’s wealth had fallen below $700 billion in July.

It improved in August when shares of SpaceX and Tesla rose again.

Musk owns 38 percent of SpaceX, whose value reached nearly $2 trillion.

Key facts

Ranking leader: Elon Musk remained No. 1.
Larry Ellison’s position: Ellison moved to seventh place.
Musk’s milestone: He became the world’s first trillionaire on June 12, according to the article.
SpaceX ownership: Musk owns a 38 percent stake in SpaceX.
SpaceX market capitalization: SpaceX had a market capitalization of nearly $2 trillion, up from $1.5 trillion the previous month.
July wealth change: Musk’s fortune fell below $700 billion in July for the first time since December 2025.
August recovery: His fortune improved in August as shares of SpaceX and Tesla rebounded.

indianexpress.com · 1 day ago