Elon Musk has become the richest person ever recorded, with an estimated net worth of $839 billion, according to the latest Forbes World’s Billionaires list released Tuesday. The milestone comes as the global billionaire population climbed to a record 3,428 individuals, whose combined wealth has surged to an unprecedented $20.1 trillion.
Musk retained the top spot on the annual ranking for the second consecutive year, after his fortune expanded by about $500 billion over the past 12 months. The dramatic rise has been largely fueled by increased valuations of his companies, including Tesla and SpaceX.
Musk Nears Trillionaire Milestone
SpaceX’s continued growth, alongside expectations that the company could pursue a public offering in 2026, has further boosted investor optimism surrounding Musk’s business empire. Meanwhile, Tesla’s market performance has remained a major driver of his expanding wealth.
With his net worth now exceeding $800 billion, Musk has set another historic benchmark. Analysts say the tech entrepreneur is now on a trajectory that could make him the world’s first trillionaire if the current pace of wealth growth continues.
AFP
Stay informed with more global business and technology stories like this on our platform. Visit LouisaOlaniyi.com.ng for deeper insights, breaking updates, and analysis that keeps you ahead.
