Elon Musk has become the first person in history to surpass a $600 billion net worth, according to Forbes.
The milestone follows a recent tender offer by SpaceX, Musk’s private rocket company, which valued the firm at $800 billion, up from $400 billion in August. Musk owns an estimated 42% of SpaceX, a stake now worth roughly $336 billion.
“Reaching $600 billion is unprecedented,” said a Forbes analyst. “No individual has ever crossed the $500 billion mark before.”
SpaceX plans an IPO in 2026 that could value the company at $1.5 trillion, potentially making Musk the first trillionaire. His 12% stake in Tesla is valued at $197 billion, while his AI company xAI Holdings could be worth $60 billion based on a reported $230 billion valuation.
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Musk’s rise has been rapid. From $24.6 billion in 2020, he reached $100 billion in August that year, became the world’s richest person in January 2021, and crossed $500 billion in October 2025.
With a $425 billion lead over Google cofounder Larry Page, Musk remains firmly at the top of the global wealth rankings, with analysts noting $700 billion could be his next milestone.