The world’s number one richest person, Elon Musk, has now achieved another new record. His wealth has now crossed a massive 600 billion dollars. In Indian currency, this amount is more than ₹54 lakh crore. There is also a reason behind the sudden sharp rise in his wealth. That reason is the reports that Elon Musk–owned company SpaceX is likely to come out with an IPO soon. With these reports, Elon Musk’s wealth increased by 168 billion dollars in just one day. With this, Forbes revealed that Elon Musk’s total wealth has reached 677 billion dollars. No other individual in the world has achieved this feat so far. In the year 2020, Elon Musk’s wealth stood at 24.6 billion dollars, and by September 2025, it reached 500 billion dollars, Forbes reported. Elon Musk holds a 40 percent stake in SpaceX.
With reports that the company may come out with an IPO at a valuation of 800 billion dollars, Elon Musk’s wealth rose sharply. It is also known that a few days ago, Elon Musk’s company Tesla announced a trillion-dollar compensation package. However, Elon Musk has to meet certain targets for this. With this, there are estimates that Elon Musk’s wealth may increase further in the coming days. It is known that after Donald Trump became the President of the United States for the second time, Elon Musk was given the responsibility of heading the Department of Government Efficiency (DOGE). Later, due to differences that arose with Donald Trump, he stepped out and is now fully focusing on his businesses.