Elon Musk has become the first person in modern history to amass a personal fortune exceeding $700 bn, marking an unprecedented milestone in global wealth accumulation.
According to Forbes, the American entrepreneur’s net worth has climbed to an estimated $749 bn, surpassing his own record set just days earlier. On 15 December, Musk’s wealth had already crossed the $600 bn threshold, but recent developments triggered an even sharper rise.
Court ruling reshapes Tesla compensation
The surge is largely attributed to a decision by the Delaware Supreme Court, which overturned a lower court ruling that had invalidated Musk’s compensation package at Tesla. The reinstated stock option award is valued at approximately $139 bn, instantly boosting his overall fortune.
In addition to the options, Musk holds roughly 12% of Tesla’s ordinary shares, currently worth around $199 bn. Combined, his total exposure to the electric vehicle manufacturer now stands at about $338 bn, reinforcing Tesla as the core pillar of his wealth.
SpaceX: the next growth engine
Musk’s second-largest asset remains SpaceX, where he owns an estimated 42% stake. The private aerospace company’s valuation now closely rivals that of his Tesla holdings and continues to rise amid strong demand for satellite launches and defence contracts.
Analysts cited by Forbes suggest that SpaceX could ultimately propel Musk into an entirely new wealth category. The company is reportedly preparing for an initial public offering in 2026, with potential valuations reaching up to $1.5 trln.
If those projections materialise, Elon Musk could become the world’s first trillionaire, further extending his lead as the wealthiest individual ever recorded.
