Elon Musk became the first person in history with a fortune exceeding $600 billion.
Elon Musk, 54, has become the first person in history to reach a net worth of over $600 billion, Forbes reports.
This time, Musk's sharp increase in wealth (it was barely $500 billion in October) was driven not by Tesla, but by the rapid rise in the value of his rocket company, SpaceX.
Elon Musk has taken another step toward becoming the world's first trillionaire, a feat Forbes predicts he will achieve by 2033. In early December, the businessman, who owns only about 42% of SpaceX, publicly announced a public offer to buy the company, valuing it at $800 billion. This was compared to a value of $400 billion, which was half that in August of this year. This move increased Musk's net worth by $168 billion, reaching approximately $677 billion. He broke his own record, as the world's richest man—himself—was previously valued at $500 billion.
Musk's stake in SpaceX is currently valued at $336 billion, making it his most valuable asset. His 12% stake in Tesla is worth another $197 billion. He also owns Musk's xAI Holdings, which is reportedly in talks to raise new funding at a valuation of $230 billion. Musk owns 53% of xAI Holdings, worth $60 billion, and also owns the social media giant X and other assets. As recently as 2020, his net worth was estimated at $24 billion, but today he is almost three times richer than the second-richest person on the planet, Google co-founder Larry Page, with a net worth of $252 billion.
Recently, Elon Musk, who had previously reconciled with US President Donald Trump after a public dispute, visited the White House with Cristiano Ronaldo and his fiancée Georgina Rodriguez. And recently, the billionaire stated that the world's white population is in danger of extinction.
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