"Elon Musk added $167 billion to his net worth as Tesla Inc. ( NASDAQ: TSLA) announced a major step forward in its self-driving car business. That took his total to $638 billion, according to the Bloomberg Billionaires Index. That makes him the first person to break the $600 billion barrier. (Number two on Bloomberg's list is Google c0-founder Larry Page, who has a net worth of $265 billion.)"
"Tesla's stock is up 18% in the past month. Its market cap is $1.58 trillion. Musk owns over 15% of Tesla, and a new pay package could take that figure much higher. Musk's net worth comes from several sources, but Tesla, SpaceX, and xAI are the primary ones. He owns about 50% of SpaceX shares but controls about 70% of the voting stock. There is speculation that the value of SpaceX could be over $1 trillion when its IPO hits the market."
Elon Musk added $167 billion to his net worth, bringing the total to $638 billion after Tesla announced a major step forward in its self-driving car business. Musk became the first person to surpass $600 billion in net worth. SpaceX's anticipated IPO with an estimated valuation of $800 billion or more could push his net worth past $1 trillion. Tesla's stock rose 18% in the past month to support a $1.58 trillion market cap, and Musk owns over 15% of Tesla. Primary wealth sources include Tesla, SpaceX, and xAI, with private-company valuations remaining estimates. Tesla's stock fell earlier in 2025 then recovered, and Musk said Tesla is much closer to full autonomy.
Read at 24/7 Wall St.
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