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Elon Musk Becomes First Person In History Worth Over 0 Billion

Elon Musk Becomes First Person In History Worth Over $600 Billion

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Elon Musk has once again rewritten the record books, becoming the first person in history to amass a fortune exceeding $600 billion. The milestone, confirmed by Forbes, places Elon Musk’s net worth at an estimated $677 billion, a figure that underscores the scale of his personal wealth as well as the extraordinary valuations now attached to his companies. In an era where billionaires are increasingly common, this level of wealth remains almost unfathomable, and unmatched.

What makes this moment particularly striking is how quickly it arrived. Just five years ago, Musk was worth a fraction of his current fortune. Today, Elon Musk’s net worth is larger than the GDP of many countries, driven primarily by the soaring valuation of SpaceX and reinforced by his stakes in Tesla and artificial intelligence ventures. The $600 billion threshold represents a new frontier in modern capitalism.

A SpaceX Valuation That Changed Everything

The immediate catalyst behind the latest surge in Elon Musk’s net worth is SpaceX. Earlier this month, the private rocket company launched a tender offer that valued the firm at an eye-watering $800 billion, doubling its valuation from $400 billion in August. According to investors cited by Forbes, the move alone added approximately $168 billion to Musk’s personal fortune.

Musk owns an estimated 42% of SpaceX, making his stake worth roughly $336 billion. That single holding is now the most valuable asset in his portfolio, surpassing even Tesla. With this revaluation, Elon Musk’s net worth crossed the $600 billion mark for the first time, a level no individual had ever reached before—not even briefly.

SpaceX’s IPO Plans and the Trillionaire Question

The tender offer has also reignited speculation about SpaceX’s future. Investors say the company is targeting an initial public offering in 2026, with a potential valuation of around $1.5 trillion. If that figure materializes, Elon Musk’s net worth could surge even further, potentially pushing him into trillionaire territory.

While representatives for Musk and SpaceX declined to comment, the implications are clear. Even without an IPO at that level, Musk’s current ownership stake already places him closer to becoming the world’s first trillionaire than losing his position as the world’s richest person.

Tesla’s Role in Musk’s Expanding Fortune

Although SpaceX now dominates Musk’s balance sheet, Tesla remains a crucial pillar of Elon Musk’s net worth. Musk owns about 12% of the electric vehicle maker, a stake valued at approximately $197 billion based on recent market prices. That figure excludes controversial stock options from his 2018 CEO compensation package, which were voided by a Delaware judge in January 2024.

Forbes has discounted the value of those options by 50%, estimating them at $69 billion while Musk’s appeal to the Delaware Supreme Court is ongoing. Even if the appeal fails, Tesla could still offer Musk another path to unprecedented wealth.

The $1 Trillion Tesla Pay Package

In November, Tesla shareholders approved what is widely regarded as the largest corporate pay package in history. The plan could grant Musk up to $1 trillion in additional stock, before taxes, if Tesla meets ambitious “Mars shot” performance milestones over the next decade. These targets include growing Tesla’s market capitalization more than eightfold.

If achieved, the compensation package would dramatically reshape Elon Musk’s portfolio, reinforcing Tesla’s position as more than just an automaker and aligning with Musk’s vision of the company as an AI and robotics powerhouse.

xAI Holdings and the AI Boom

Beyond rockets and electric cars, Musk’s growing footprint in artificial intelligence is also contributing to Elon Musk’s net worth. His company xAI Holdings, formed by merging AI startup xAI with social media platform X (formerly Twitter), is reportedly in talks to raise new funding at a valuation of $230 billion.

That figure would be more than double the $113 billion valuation Musk cited when forming the company earlier this year. Forbes estimates Musk owns about 53% of xAI Holdings, translating to a stake worth roughly $60 billion and adding yet another engine of growth to his already vast fortune.

From $24 Billion to $600 Billion: A Historic Rise

The scale of Musk’s wealth becomes even more remarkable when viewed over time. In March 2020, Elon Musk’s net worth stood at just $24.6 billion. By August of that year, Tesla’s soaring share price pushed him past $100 billion. He became the world’s richest person for the first time in January 2021 with nearly $190 billion.

Milestones followed rapidly: $200 billion in September 2021, $300 billion in November 2021, $400 billion in December 2024, and $500 billion in October. Now, at over $600 billion, Musk stands alone. Oracle founder Larry Ellison is the only other individual to have crossed both the $300 billion and $400 billion marks, but even he remains far behind.

What Comes Next for the World’s Richest Person?

Today, Elon Musk’s net worth gives him an estimated $425 billion lead over the world’s second-richest individual, Google co-founder Larry Page, whose fortune stands at about $252 billion. With Musk less than $23 billion away from hitting $700 billion, observers believe the next milestone could arrive sooner rather than later.

Whether through SpaceX’s eventual IPO, Tesla’s ambitious performance targets, or the rapid expansion of xAI, Musk’s wealth trajectory shows little sign of slowing. For now, one thing is certain: Elon Musk has already secured his place in history as the first person ever worth more than $600 billion, and the gap between him and everyone else has never been wider.

Featured image: Kevin Winter via Getty Images

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