Elon Musk becomes richest person ever with $839 billion fortune, Forbes says
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Elon Musk has become the wealthiest individual ever recorded, with an estimated net worth of $839 billion, according to the latest ranking released by Forbes on Tuesday.
The tech entrepreneur topped the Forbes World’s Billionaires list for the second consecutive year as global billionaire wealth reached unprecedented levels. A record 3,428 billionaires worldwide now hold a combined fortune of $20.1 trillion, marking the highest total ever recorded.
Musk’s personal wealth surged by roughly $500 billion over the past 12 months, driven largely by rising valuations of his companies Tesla and SpaceX.
The strong performance of Tesla’s electric vehicle business and continued investor confidence in SpaceX’s space technology and satellite ventures have significantly boosted Musk’s net worth. SpaceX is also targeting a potential public offering in 2026, a move that could further increase the entrepreneur’s fortune.
With this milestone, Musk has become the first person in history to surpass the $800 billion mark in personal wealth. Analysts say that if current growth trends continue, he could be on track to become the world’s first trillionaire.
The latest Forbes ranking highlights the accelerating concentration of wealth among the world’s richest individuals, as booming technology companies and expanding financial markets continue to push billionaire fortunes to new heights.
