Elon Musk has surged into uncharted financial territory, becoming the first person in history with a net worth exceeding $600 billion. According to Forbes,
Musk’s fortune jumped to an estimated $677 billion after SpaceX launched a tender offer earlier this month, valuing the private rocket company at roughly $800 billion, double its valuation just months ago. Musk, who owns about 42% of SpaceX, saw his personal wealth increase by approximately $168 billion as a result. The move places him closer than ever to becoming the world’s first trillionaire. The tender offer comes as SpaceX is reportedly targeting an initial public offering in 2026 that could value the company at as much as $1.5 trillion. Even without an IPO at that level, SpaceX is now Musk’s most valuable asset, surpassing his stake in Tesla.
Elon Musk Net Worth Breakdown
Musk’s estimated SpaceX holdings alone are worth about $336 billion. His roughly 12% stake in Tesla is valued at $197 billion, not including the disputed 2018 CEO performance stock options that were voided by a Delaware judge in January 2024. Forbes currently discounts the value of those options by 50% to about $69 billion as Musk continues his appeal.
Tesla could still play a central role in Musk’s path to trillionaire status. In November, shareholders approved a new pay package that could award Musk up to $1 trillion in additional stock if Tesla meets aggressive long-term performance targets, including an eightfold increase in market capitalization over the next decade.
Beyond Tesla and SpaceX, Musk’s artificial intelligence venture xAI Holdings is reportedly seeking new funding at a $230 billion valuation. Forbes estimates Musk owns roughly 53% of the company, giving him a stake worth around $60 billion.
Musk’s meteoric rise has been swift. His net worth stood at just $24.6 billion in March 2020 before Tesla’s surge propelled him past $100 billion later that year.
Since then, he has crossed successive milestones:
- $200 billion in 2021
- $300 billion later that year
- $400 billion in 2024
- $500 billion in October
- Now standing alone above $600 billion
With a massive $425 billion lead over the world’s second-richest person, Google co-founder Larry Page, Musk appears far closer to becoming a trillionaire than losing his position atop the global wealth rankings. Now just $23 billion shy of $700 billion, his next financial milestone may arrive sooner than expected.
