Elon Musk has become the first person in history whose net worth has exceeded an incredible $600 billion, setting a new world record for personal wealth. According to Forbes, the key driver of his capital growth was SpaceX, which in December conducted a stake sale that raised the company’s valuation to $800 billion. Since Musk owns about 42% of SpaceX shares, his net worth is now estimated at approximately $677 billion. This makes Musk not only the leader of the world’s richest people list but also the first person ever whose wealth has exceeded $600 billion. Before him, no one in history had even reached $500 billion.
Musk still has even more ambitious plans: in 2026, SpaceX may go public with a valuation of up to $1.5 trillion. Such a scenario would almost automatically make Musk the world’s first trillionaire, an unprecedented event in the history of private capital. For context: in 2020, his net worth was only about $25 billion, and in just five years it has grown more than 25 times, reflecting the rapid growth of his assets and influence on the global economy.
According to Forbes estimates, Musk’s main asset is his stake in SpaceX worth about $336 billion. In addition, his 12% stake in Tesla is valued at approximately $197 billion, while the value of stock options under the 2018 compensation plan was discounted by 50% and amounts to about $69 billion, pending the outcome of his appeal in the Delaware Supreme Court. If the appeal fails, Tesla could still provide Musk with an alternative route to becoming a trillionaire: in November, the company’s shareholders approved a record-breaking compensation package that, if “Mars shot” performance targets are met, could give Musk up to $1 trillion in additional stock over ten years.
In addition, Musk controls xAI Holdings, an artificial intelligence company that is reportedly in talks to raise new funding with a valuation of $230 billion, more than double the $113 billion valuation at its founding in March. Musk owns 53% of this company, which Forbes estimates to be worth $60 billion.
Musk’s recent years have been a series of unique milestones: in March 2020, his net worth was $24.6 billion; by August that year, thanks to Tesla stock growth, he became one of the five richest people in the world with a net worth of $100 billion. In January 2021, Musk became the world’s richest person for the first time with a net worth of about $190 billion; by September 2021, he reached $200 billion, then quickly increased his capital to $300 billion in November 2021, $400 billion in December 2024, and $500 billion in October of this year. Currently, he leads all others: second place in wealth is held by Larry Page, Google co-founder, with approximately $252 billion. The gap between first and second exceeds $400 billion — never before in history has there been such a colossal difference between the leader and his nearest competitor.
Overall, Musk’s wealth trajectory illustrates not only his personal success and strategic investments but also global trends in the high-tech company market, startup capitalization, and digital assets. SpaceX remains the key factor shaping Musk’s fortune, and any future developments surrounding the company’s IPO could further increase his influence and historical legacy as the planet’s largest private capitalist.
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