"The 54-year-old witnessed an unprecedented wealth surge after SpaceX, an aerospace company he founded and leads, hit a $800 billion market cap in an insider share sale. SpaceX subsequently became the most valuable private company in the world-and by holding a 42% stake in the business worth $317 billion, Musk's fortune soared."
"In fact, his fortune has multiplied so much that fellow billionaires can't keep up; Oracle cofounder Larry Ellison very briefly knocked him from the top spot earlier this year, but swiftly lost $34 billion. Even the wealth of Google cofounder and ex-CEO Larry Page, who is the second richest person alive, pales in comparison to Musk's bank account. Page is worth $265 billion: less than half of what the SpaceX CEO sits atop."
"When Musk was first added to Bloomberg's index in 2013, he only held $4.8 billion in wealth-still an eye-watering figure, but a far cry from his 2025 fortune. His next milestone came in 2020, when he was calculated to be worth at least $100 billion thanks to a soaring Tesla valuation. And within the last five years, he's managed to accrue six times as much wealth-adding around $100 billion every year-as his businesses thrived."
Elon Musk's net worth surged to $638 billion following an insider share sale that priced SpaceX at an $800 billion market capitalization. Musk holds a 42% stake in SpaceX valued at $317 billion, which propelled his fortune ahead of other billionaires. Larry Ellison briefly surpassed him before losing $34 billion, while Larry Page is valued at $265 billion. Musk also benefits from a $1 trillion Tesla pay package vesting over the next decade. Musk's wealth grew from $4.8 billion in 2013 to at least $100 billion in 2020 and accelerated substantially thereafter as his businesses expanded.
Read at Fortune
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