A person with a net worth of over $600 billion has emerged in the world: his money would be enough to cover Latvia's state budget for 40 years 0 8

The wealth of one American would be enough to cover the state budget expenses of a country like Latvia for 40 years.

According to Forbes USA, Musk's stake (about 42%) in SpaceX increased to $336 billion after the tender offer made in December. Two SpaceX investors told the publication that in the bid, the company's valuation is estimated at $800 billion compared to a valuation of $400 billion in August.

Musk became the first person in history whose net worth exceeded $600 billion. Moreover, by a significant margin: Musk's closest competitor in the Forbes ranking is Google co-founder Larry Page, whose net worth is estimated at $253.3 billion.

The company's tender offer came as SpaceX decided to conduct an IPO in 2026, resulting in its valuation potentially reaching around $1.5 trillion, one of the company's investors clarified to Forbes. The upcoming IPO could make Musk a dollar trillionaire: his stake in SpaceX is the most valuable asset, according to Forbes estimates.

The leader of the Forbes billionaire ranking's stake in Tesla (12%) is worth $197 billion, excluding stock options.

Musk's company xAI Holdings is negotiating to attract new funding at a valuation of $230 billion. This is more than double the $113 billion valuation Musk mentioned in March when he merged his artificial intelligence startup xAI with the social network X. Forbes estimates Musk's stake in xAI Holdings at 53% worth $60 billion.

How Elon Musk Became Wealthier

In March 2020, Musk's net worth was $24.6 billion; by August of the same year, due to the rapid rise in Tesla's stock, he became the fifth person in the world whose net worth exceeded $100 billion.

In January 2021, the entrepreneur became the richest person in the world for the first time with a net worth of nearly $190 billion.

In September 2021, he became the third person in the world whose net worth exceeded $200 billion (Jeff Bezos from Amazon and Frenchman Bernard Arnault from the luxury goods conglomerate LVMH then surpassed him).

In November 2021, Musk's net worth reached $300 billion, in December 2024 it reached $400 billion, and in October it reached $500 billion.