Elon Musk has made financial history after becoming the first person in the world to amass a net worth of around $850 billion, according to the latest estimates from Forbes.
The milestone, which far surpasses previous records, was driven largely by a landmark corporate move involving his aerospace company SpaceX and his artificial intelligence firm xAI.
The significant leap in Musk’s wealth followed SpaceX’s acquisition of xAI and the subsequent merger of the two companies into a single business unit valued at approximately $1.25 trillion. Forbes attributes an estimated $84 billion boost to his personal fortune as a result of the deal, which pushed his net worth to an estimated $852 billion.
Prior to the acquisition, Musk held major stakes in both companies, with approximately 42 per cent of SpaceX and 49 per cent of xAI. After consolidation, his combined share in the merged entity is now valued at roughly $542 billion, making SpaceX his most valuable asset by far.
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In addition to his holdings in SpaceX–xAI, Musk continues to own a sizeable portion of electric vehicle manufacturer Tesla, including around 12 per cent of the company and additional stock options that could further elevate his wealth in the coming years.
Musk’s achievement sets a new benchmark in global wealth rankings and underscores his dominance among the world’s richest individuals, leaving him far ahead of the next wealthiest competitor. Analysts say this record illustrates not only the power of his business empire but also the rapidly evolving landscape of technology-driven wealth in the 21st century.
