Musk's Wealth Soars $202B; Dangote's Fortune Rises
In August 2026, Elon Musk's wealth increased by $202 billion, bringing his net worth to an estimated $892 billion as of September 1, 2026. This surge was attributed to a 33% rise in SpaceX shares and an 18% increase in Tesla's stock.
Despite this recovery, Musk's fortune remains below his record of $1.33 trillion from June. Larry Page, the second-richest person, saw his fortune drop by $15 billion to $277 billion.
Other notable billionaires, including Jeff Bezos and Sergey Brin, also experienced declines in their wealth. Meanwhile, Nigerian billionaire Aliko Dangote's fortune rose by $4.6 billion to $28.5 billion, primarily due to a 69% increase in Dangote Cement's stock, which doubled its profit to a record N1 trillion in 2025.
Abdulsamad Rabiu, founder of BUA Group, also saw a significant increase in his wealth, rising by 120% to $11.2 billion.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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