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Elon Musk became the first billionaire in modern history after the value of his company SpaceX soared to a trillion dollars, with the company's valuation reaching $1.77 trillion in June 2026. Musk began his journey with wealth gained from investment offers in startup tech companies and faced significant challenges during the 2008 financial crisis, before achieving unprecedented success with his companies like Tesla and SpaceX, which led to his fortune multiplying more than 5,500 times in less than a quarter of a century.
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