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 Space X, whose valuation double to $800 billion following a recent tender offer, dramatically boosting Musk’s personal stake.
Musk owns roughly 42 percent of Space X, 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 Space X at around $1.5 trillion and potentially push Musk into trillionaire territory even without gains from his other ventures.
Beyond Space X, Musk’s wealth is under pinned by Tesla, xA1 and other holdings.
Forbes values his Space X stake at about $336 billion, ahead of his Tesla shares worth roughly $197 billion, while his majority ownership in xA1 Holdings is estimated at around $60 billion.
With a lead or more than $400 billion over the world’s second-richest person, Musk’s remains firmly atop the global rich list. Google co-founder Larry Page, Musk’s closer to reaching $700 billion than losing his spot as the world’richest individual.
With an estimated $425 billion lead over the world’s second -richest person, Google co-founder page, Musk’s closer to reaching $700 billion than losing his spot as the world richest individual.
-9News Nigeria.
