Archive · 5 Sep 2026
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.
Forbes ranked Elon Musk as the world’s richest person in its September 2026 edition.
Musk retained the No. 1 position, matching his ranking from August 2026.
Larry Ellison moved up to seventh place in the reported ranking.
Musk became the world’s first trillionaire on June 12 after SpaceX’s first trading day.
Musk’s fortune recovered in August as SpaceX and Tesla shares rebounded.
- Who
- Forbes, Elon Musk, and Larry Ellison are identified in the report.
- What
- Forbes released its September 2026 ranking of the world’s 10 richest people; Musk remained first and Ellison moved to seventh.
- When
- The report covers September 2026, with comparisons to August 2026 and earlier changes in June, July, and August.
- Where
- The ranking concerns the richest people in the world.
- Why
- Musk’s position reflected the recovery of shares in SpaceX and Tesla, while the report tracked changes in the fortunes of the world’s wealthiest people.
- 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.