Elon Musk Becomes First Individual to Surpass $600 Billion in Net Worth
December 16, 2025296 ViewsRead Time: 2 minutes
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Elon Musk has reached a historic milestone, becoming the first individual globally to surpass a net worth of $600 billion, as reported by Forbes on Monday.
SpaceX Transactions Drive Wealth Increase
The surge in Musk's wealth is largely attributed to recent stock sales by SpaceX employees and investors, which boosted the valuation of the privately held company. Forbes utilized the transaction prices to recalibrate SpaceX's worth, thereby increasing Musk's financial standing.
Just hours prior to this announcement, Forbes had estimated Musk's net worth at approximately $500 billion, highlighting the rapid fluctuations in wealth estimates.
SpaceX Valuation Doubles
Forbes now estimates SpaceX's total valuation at around $800 billion, a significant increase from the previous estimate of $400 billion. Musk's ownership of about 40% of the company has resulted in a recalibrated net worth of approximately $677 billion.
Tesla's Contribution to Wealth
Tesla continues to be a crucial element of Musk's wealth portfolio, with him holding around 12% of its shares. Despite a decline in sales, Tesla's stock has risen about 13% this year, including a nearly 4% increase on Monday following Musk's announcement regarding self-driving robotic cars without safety monitoring screens in the front passenger seat, as reported by Reuters.
Record Pay Package
In November, Tesla shareholders approved a groundbreaking pay package for Musk, estimated at around $1 trillion, marking the largest in corporate history. This decision reflects investor confidence in Musk's vision for Tesla's future in artificial intelligence and robotics.
AI Ventures
Reports indicate that Musk's artificial intelligence startup, xAI, is in advanced negotiations to raise $15 billion through a new stock offering, potentially valuing the company at $230 billion. This could further enhance Musk's wealth if the deal is finalized.
No Comment from Musk or Companies
As of now, there has been no official comment from Elon Musk or his companies, Tesla, SpaceX, and xAI, in response to inquiries from Reuters.
SpaceX Transactions Drive Wealth Increase
The surge in Musk's wealth is largely attributed to recent stock sales by SpaceX employees and investors, which boosted the valuation of the privately held company. Forbes utilized the transaction prices to recalibrate SpaceX's worth, thereby increasing Musk's financial standing.
Just hours prior to this announcement, Forbes had estimated Musk's net worth at approximately $500 billion, highlighting the rapid fluctuations in wealth estimates.
SpaceX Valuation Doubles
Forbes now estimates SpaceX's total valuation at around $800 billion, a significant increase from the previous estimate of $400 billion. Musk's ownership of about 40% of the company has resulted in a recalibrated net worth of approximately $677 billion.
Tesla's Contribution to Wealth
Tesla continues to be a crucial element of Musk's wealth portfolio, with him holding around 12% of its shares. Despite a decline in sales, Tesla's stock has risen about 13% this year, including a nearly 4% increase on Monday following Musk's announcement regarding self-driving robotic cars without safety monitoring screens in the front passenger seat, as reported by Reuters.
Record Pay Package
In November, Tesla shareholders approved a groundbreaking pay package for Musk, estimated at around $1 trillion, marking the largest in corporate history. This decision reflects investor confidence in Musk's vision for Tesla's future in artificial intelligence and robotics.
AI Ventures
Reports indicate that Musk's artificial intelligence startup, xAI, is in advanced negotiations to raise $15 billion through a new stock offering, potentially valuing the company at $230 billion. This could further enhance Musk's wealth if the deal is finalized.
No Comment from Musk or Companies
As of now, there has been no official comment from Elon Musk or his companies, Tesla, SpaceX, and xAI, in response to inquiries from Reuters.
