Elon Musk just became the first person ever to have a net worth over $600 billion. Forbes says it’s around $677 billion now. That’s huge! Let’s talk about how this happened in easy words.
Why Did His Wealth Jump So Much?
The main reason is SpaceX. That’s his rocket company. It just got a new value of $800 billion – double what it was before! Musk owns about 42% of it. That alone adds $336 billion to his money, and the recent jump gave him an extra $168 billion.
SpaceX might go public in 2026. Some say it could be worth up to $1.5 trillion then. Exciting times for space fans!
Other Big Parts of His Money
- Tesla: He owns around 12% of the electric car company. That’s worth about $197 billion. Plus, there’s a big pay package that could add even more if Tesla grows a lot.
- xAI: His AI company (merged with X, the old Twitter). It’s valued at $230 billion now. Musk has 53% , adding $60 billion.
These companies are growing fast, pushing his total way up.
How Fast Did He Get Here?
Musk’s money story is wild:
- Back in 2020, he had about $25 billion.
- Hit $100 billion soon after.
- $200 billion in 2021.
- $300 billion later that year.
- $400 billion in 2024.
- $500 billion in October 2025.
- Now over $600 billion!
No one else has come close. The next richest person has around $252 billion. Musk is way ahead – by over $400 billion!
What Does This Mean?
This shows how fast tech and space companies can grow. Musk is closer to $1 trillion than anyone thought possible. He’s changing cars, space travel, and AI.