Elon Musk, the owner of global giants such as SpaceX, Tesla, and X, has once again rewritten history. According to Forbes, Musk’s net worth has surged to nearly $600 billion, making him the first person on Earth to reach this milestone. His rapidly growing fortune has firmly cemented his position as the world’s richest individual.
As per a Forbes report, Elon Musk’s total net worth crossed $600 billion (approximately ₹5.45 lakh crore) on Monday. Analysts believe this is not the end of his wealth surge, as his fortune is expected to climb further and could soon reach $670 billion, considering the pace at which his assets are growing.
A major reason behind the sudden spike in Musk’s net worth was news related to SpaceX’s potential stock market debut. Reports suggest that SpaceX is preparing for an IPO at a massive $800 billion valuation.
According to an ET report, Musk’s wealth increased by nearly $168 billion in a single day due to SpaceX-related developments, pushing his total net worth close to $677 billion.
Musk owns approximately 42% stake in SpaceX, making the company a key driver of his extraordinary wealth growth.
In addition to SpaceX, Tesla’s strong stock performance has played a significant role in boosting Musk’s net worth. Musk holds around 12% stake in Tesla, and on Monday, Tesla shares surged by nearly 13%, adding further value to his overall wealth.
Elon Musk’s various ventures continue to perform strongly:
SpaceX is preparing for a potential IPO
Tesla shares remain robust
xAI is witnessing a rapid rise in valuation
The record valuation of SpaceX alone has helped Musk’s fortune cross the $600 billion mark. Reports suggest that if SpaceX gets listed, Musk’s net worth could surpass $670 billion.
Elon Musk’s financial growth has been exceptionally fast. In March 2020, his net worth stood at just $24.6 billion. However, Tesla’s explosive growth pushed his wealth past $100 billion by the end of 2020.
Since then, Musk has achieved several historic milestones:
$200 billion in 2021
$300 billion later in 2021
$400 billion in 2024
$500 billion in October
Now over $600 billion
According to the Bloomberg Billionaires Index, as of Tuesday morning around 11 am, Elon Musk’s net worth stood at $638 billion.
Elon Musk: $638 billion
Larry Page (Second Richest): $265 billion
This means Musk is ahead of Larry Page by approximately $373 billion, highlighting the unprecedented scale of his financial lead.