Tech entrepreneur Elon Musk has surpassed a net worth of $600 billion for the first time, further extending his lead as the world’s richest individual. The surge is driven primarily by rising valuations of his privately held companies, alongside renewed strength in Tesla’s share price.
In particular, SpaceX and AI startup xAI have seen significant valuation increases in recent secondary-market transactions and funding rounds. Combined with Musk’s substantial stake in Tesla, these gains pushed his estimated wealth beyond the historic threshold.
The milestone highlights a broader shift in global wealth creation, with private technology companies playing an increasingly central role. Unlike traditional industrial fortunes, Musk’s wealth is largely tied to high-growth sectors such as space technology, electric mobility and artificial intelligence.
Analysts note that Musk’s net worth remains highly sensitive to market sentiment and company valuations. Even so, crossing the $600-billion mark represents a landmark moment for the technology sector and for Musk’s unique business empire.
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