Elon Musk has become the first individual in history to cross a net worth of $600 billion, with Forbes estimating his wealth at about $677 billion as of Monday afternoon. The sharp rise was driven primarily by SpaceX, whose valuation doubled to $800 billion following a recent tender offer, dramatically boosting Musk’s personal stake.
Musk owns roughly 42 per cent of SpaceX, meaning the higher valuation alone added an estimated $168 billion to his fortune. Investors say the company is positioning itself for a potential initial public offering in 2026, which could value SpaceX at around $1.5 trillion and potentially push Musk into trillionaire territory even without gains from his other ventures.
Beyond SpaceX, Musk’s wealth is underpinned by Tesla, xAI and other holdings. Forbes values his SpaceX stake at about $336 billion, ahead of his Tesla shares worth roughly $197 billion, while his majority ownership in xAI Holdings is estimated at around $60 billion. With a lead of more than $400 billion over the world’s second-richest person, Musk remains firmly atop the global rich list.