Elon Musk, the world’s richest person and owner of Tesla and SpaceX, has set a historic new record by becoming the first individual whose net worth has surpassed the $600 billion mark, according to a Bloomberg report.
The dramatic surge in Musk’s wealth followed a sharp rise in the valuation of SpaceX, which was estimated at $800 billion. As a result, Musk’s net worth increased by $167 billion on December 15 alone, pushing his total wealth to approximately $638 billion.
With this increase, Musk now holds a staggering $373 billion more than the world’s second-richest individual, Google co-founder Larry Page, whose net worth stands at around $265 billion. The gap underscores Musk’s unmatched dominance among global billionaires.
In 2024 alone, Elon Musk’s wealth has grown by an estimated $205 billion, driven primarily by strong performances in his technology and aerospace ventures. Musk owns a 42 percent stake in SpaceX, which is reportedly preparing to offer its shares to the public next year.
Apart from SpaceX, Musk also holds a 12 percent stake in Tesla. The electric vehicle giant has seen a 13 percent increase in Musk’s wealth this year, including a nearly four percent rise on December 15 following a jump in Tesla’s share price.
Earlier, in November 2025, Tesla shareholders approved a massive compensation package worth up to $1 trillion for Musk, subject to the fulfillment of specific performance targets. If achieved, the package could further cement his financial dominance.
Industry analysts believe Elon Musk is now closer than ever to becoming the world’s first “trillionaire,” a term used to describe an individual with a net worth of $1 trillion. Observers suggest Musk could reach this milestone as early as 2026, particularly if SpaceX proceeds with its public offering.
Post a Comment