Tech mogul Elon Musk has shattered wealth records by becoming the first individual to amass a net worth exceeding $600 billion, propelled by soaring valuations of his space and electric vehicle ventures, according to recent estimates.
Musk’s fortune is now pegged at around $677 billion, largely fueled by his substantial holdings in SpaceX, Tesla, and the AI firm xAI Holdings, sources familiar with the valuations said.
The bulk of his wealth stems from a 42-percent stake in SpaceX, valued at $336 billion following a tender offer that doubled the company’s worth to $800 billion, alongside a 12-percent share in Tesla contributing $197 billion and a 53-percent interest in xAI Holdings adding $60 billion.
This milestone caps a dramatic ascent for the entrepreneur, whose net worth stood at just $24.6 billion in March 2020 before Tesla’s stock surge pushed it over $100 billion by August that year.
Musk briefly claimed the title of world’s richest person in January 2021 with $190 billion, hitting $200 billion in September 2021, $300 billion two months later, $400 billion in December 2024, and $500 billion in October 2025.
The latest jump came from SpaceX’s valuation boost, which alone added $168 billion to his assets, while Tesla’s shares rose to contribute an additional $10.1 billion in a single day last month.
Tesla shareholders in November approved a staggering $1 trillion compensation package for Musk, linked to ambitious performance targets in AI and robotics.
xAI Holdings, formed by merging Musk’s AI startup with the social platform X (formerly Twitter), is reportedly seeking fresh funding at a valuation double its initial $230 billion.
Speaking about xAI on November 15, Musk highlighted its rapid progress: “With xAI, we’re only 2.5 years old company. We are somewhat of an underdog. We are pretty good with technology. We are advancing faster than any other AI.”
Musk’s wealth now dwarfs that of the second-richest individual, Google’s Larry Page at $252 billion, by $425 billion, and surpasses the gross domestic product of numerous nations.
SpaceX, eyeing a potential initial public offering in 2026, could aim for a $1.5 trillion valuation, further cementing Musk’s dominance in innovative industries.
