On 12 June 2026, Elon Musk — South African‑born American businessman — become di first person for world wey get at least US$1 trillion.

Forbes and Bloomberg report say on Sunday 14 June dem estimate Musk net worth pass US$1.1 trillion.

Musk wealth jump well after im company shares for SpaceX shoot up when the company list for stock market.

SpaceX na company wey dey do rocket, communications and artificial intelligence work, and dem value am at about US$2.2 trillion on the first day e enter Nasdaq market for the US.

Big shareholding

Musk get about 42% of the company shares. That one give am heavy control over wetin dey happen for the company.

After the company list, SpaceX share close that day at US$161 per share on 12 June, and the first day trading raise about US$75 billion.

Bloomberg say Musk stake for SpaceX worth at least US$767 billion.

Right now the company valuation dey depend on optimistic expectations about im business. Presently, the company dey run losses pass wetin e dey make.

Wet fit do for big African countries

Besides all that, wetin US$1 trillion fit do for Africa?

First, if we use budget estimates for the 20 biggest African countries, Musk money fit pay all their government budgets for one year without any borrowing, and still remain around US$300 billion.

South Africa, Algeria, Egypt, Morocco, Angola, Nigeria, Kenya, Cote d'Ivoire, Tunisia and Tanzania na the 10 countries wey get the biggest budgets for the continent every year, ranging from about US$21 billion to US$128 billion.

TRT Africa research on the top 20 budgets for the continent for 2025 show say dem add up to about US$715 billion.

Education

If we talk education, to give example we go use the African city wey get the highest international school fees — Nairobi, Kenya, according to UNESCO data.

For Nairobi, average international school fees dey around US$7,100 per year. That one mean say Musk US$1.1 trillion fit pay school fees for about 155 million students for one year.

For a typical 12‑year primary education (without secondary), Musk fit fund schooling for about 13 million children at an international school in Nairobi.

And for health, the highest average annual health spending per person in Africa is roughly in South Africa.

Dangote‑size refineries — 55 of them

According to the World Bank, average health spending per person in South Africa is about US$540 per year. Musk total wealth fit pay health care for about 2 billion people — roughly one quarter of the world population — at South Africa’s per‑person spending level for one year.

The biggest refinery in Africa na Dangote refinery in Nigeria, cost about US$20 billion. Musk money fit build about 55 refineries of that size.

Finally, for sports, the most expensive stadium in Africa na Cape Town Stadium in South Africa, built for around US$600 million and completed in 2009. Musk fit build about 1,833 stadiums like that.

Make we still warn say Musk no get US$1.1 trillion for cash. Most of im wealth dey inside company shares wey dem must sell before dem fit turn am to cash.