Elon Musk Becomes First Person to Surpass $600 Billion Net Worth

File photo of Elon Musk 

Awareness.com.ng has gathered that in a historic milestone, Elon Musk has become the first individual in the world to surpass a net worth of $600 billion, with an estimated fortune of $638 billion, according to Bloomberg's Billionaire Index (BBI). This achievement marks a significant jump of 42.7% in Musk's wealth within a year, far exceeding the net worth of other global billionaires.

Musk's wealth is largely driven by his stakes in SpaceX, Tesla, and xAI, with SpaceX being the primary contributor to his recent surge in net worth. The aerospace company's valuation has skyrocketed to $800 billion, making it one of the most valuable private companies in the world. Musk owns an estimated 42% stake in SpaceX, which is reportedly preparing for an initial public offering (IPO) in 2026 that could value the company at $1.5 trillion.

Tesla, Musk's electric vehicle giant, is also a significant contributor to his wealth, with a 12% stake valued at $197 billion. The company has seen a 13% increase in shares this year, driven by its advancements in autonomous driving technology and robotics. Additionally, Musk's AI startup, xAI, is reportedly in talks to raise $15 billion in funding at a valuation of $230 billion.

Musk's achievement has widened the gap between him and other global billionaires, with Larry Page, the co-founder of Google, ranking second with a net worth of $265 billion. Sergey Brin and Jeff Bezos follow closely, with net worths of $246 billion and $249 billion, respectively.

The rapid growth of Musk's wealth has sparked discussions about wealth distribution, economic power, and the future of global capitalism. As Musk continues to push the boundaries of technology and innovation, his financial milestones serve as a testament to the impact of disruptive innovation on the global economy.

The data on Bloomberg’s Billionaire Index (BBI) show a wide gap between the South African-born American billionaire and other global billionaires.

It showed that the tech billionaire’s wealth jumped by 42.7 percent within a year from December 2024.

The new value is also 140.75 percent higher than that of his counterpart, Larry Page, who ranks second at $265 billion.

The index ranks Sergey Brin and Jeff Bezos as third and fourth, respectively, with a value of $246 billion.

Larry Ellison ($238 billion) ranks fifth, followed by Mark Zuckerberg ($229 billion) and Bernard Arnault at $202 billion.

Also listed on the top 10 chart are Steve Ballmer ($166 billion), Jensen Huang ($153 billion), and Warren Buffett at $152 billion.

In December 2024, Elon Musk overtook Jeff Bezos, the Amazon CEO, to cross the threshold of over $400 billion — the first time ever.

Musk, who is also the founder of xAI, an artificial intelligence (AI) firm, recently announced the launch of Grokipedia, an online encyclopedia expected to rival Wikipedia.

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