Elon Musk’s unprecedented rise in wealth has captured global attention, especially as his net worth recently soared to an astonishing $640 billion. This achievement not only solidifies his position as the richest person in history but also sparks speculation about the potential for a trillionaire in the near future.
Elon Musk’s Wealth Journey
At the start of 2020, Elon Musk’s net worth was approximately $28 billion. By August of that year, as Tesla’s stock price skyrocketed, his fortune doubled to $57 billion, which at the time ranked him as the fourth-richest individual in the world. Fast forward to the end of 2020, Musk’s wealth had surged to $136 billion, overtaking Bill Gates to become the world’s second-richest person, trailing only Jeff Bezos.
This remarkable financial ascent was only the beginning. On November 4, 2021, Musk’s fortune reached a staggering $340 billion, surpassing the inflation-adjusted wealth of John D. Rockefeller, a record that had stood for nearly 80 years. However, this was followed by significant volatility, as by January 2023, his net worth had dropped to around $130 billion. The wealth rebounded sharply in late 2024 and early 2025, marking Musk as the first individual to see his fortune cross milestones of $300 billion, $350 billion, and even $500 billion. Currently, thanks to a new valuation for SpaceX, Musk’s net worth stands at approximately $640 billion, making him the first person to surpass the $600 billion mark.
$800 Billion Valuation for SpaceX
SpaceX has solidified its status as the most valuable private company globally, with recent reports revealing that insiders transacted shares at an eye-popping valuation of $800 billion. Prior to this, the company was valued at $400 billion, with Musk’s roughly 43% ownership stake equating to about $172 billion before accounting for liquidity discounts typical of private enterprises.
The new valuation not only reaffirms SpaceX’s leading position but also makes it one of the most valuable companies worldwide, across both public and private sectors. Looking ahead, SpaceX is reportedly preparing for an IPO slated for 2026, targeting a valuation of $1.5 trillion. If Musk’s ownership stake is diluted to 35% at that time, it would still render his shares worth an impressive $525 billion.
With SpaceX’s current $800 billion valuation, Musk’s 43% stake is valued at approximately $344 billion. When paired with his investments in Tesla, xAI, and other ventures, his total net worth now stands at an astonishing $640 billion. This wealth makes Musk not only the richest individual in human history but also $375 billion ahead of Larry Page, the world’s second-richest person, valued at $265 billion.
The Rise of the Trillionaire?
Elon Musk’s extraordinary fortune, now appearing as $640 billion on his profile, raises intriguing questions about the future of wealth. Considering the rapid growth of his net worth, speculation about him becoming the world’s first trillionaire is increasingly realistic. Historical context is crucial; when CelebrityNetWorth launched in 2008, Warren Buffett led the wealth rankings with a fortune of $62 billion, which is now more than ten times less than Musk’s current valuation.
This scenario prompts a thought-provoking inquiry: What will the wealth landscape resemble in another 17 years? Will Elon Musk, at 71 years old, continue to top the charts with a multi-trillion-dollar fortune, or will a new contender emerge, potentially surpassing even Musk? One thing is evident—the idea of a trillionaire is no longer a distant possibility; it now feels like an impending reality.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
