Elon Musk’s Wealth Skyrockets, Doubling His Nearest Rival Amid Tesla Rally

Elon Musk becomes the world’s wealthiest individual as his net worth jumps past $681 billion amid a strong Tesla rally.

According to the Forbes Real-Time Billionaires List, Elon Musk’s net worth has soared and reportedly climbed to around $681 billion. With Thursday’s Forbes update, Musk has become the first individual to surpass the $600 billion net worth mark, setting a new benchmark in billionaire rankings. The $681 billion figure is more than double that of his closest rival, Larry Page, who is the co-founder of Google. The latest data indicate that Larry Page’s net worth is about $248.9 billion. Elon Musk, Tesla’s CEO, has extended his position as the wealthiest individual globally amid a sharp rise in Tesla shares. The industry leaders and market experts claim that the major drivers of wealth are the rally in Tesla’s stock, combined with enhanced valuations for SpaceX and his other ventures.

Leading financial information service provider, Wind Info, commented that as Tesla shares reached fresh record highs and SpaceX’s valuation surged, recent data from Forbes’ Real-Time Billionaires List indicated that Elon Musk’s personal wealth had risen to $684.2 billion, only $15.8 billion away from the $700 billion mark.

Elon Musk leads the Forbes Real-Time Billionaires List, followed by Larry Page, Jeff Bezos ($239B), Larry Ellison ($230B), Sergey Brin ($229.7B), and Mark Zuckerberg ($227.8B), ranking second through sixth, respectively. Tesla shares have been rising and hit their first new record closing high since December 17, 2024. 

SpaceX Valuation Hits $800B as Musk’s Influence Extends Beyond Tesla

Tesla shares climbed after Elon Musk confirmed the company is testing its latest robotaxis without safety monitors in the front passenger seat. Tesla shares gained after the California DMV announced it would pause the 30‑day sales suspension, initially imposed over concerns that the company’s marketing of Autopilot and Full Self‑Driving technology was misleading. There were speculations that Tesla sales could soon be suspended in California untill the regulators pause their actions for 90 days to finalize and continue negotiations with the electric vehicle manufacturer.  

Wind Info reported that Musk owned interests in several technology enterprises, including approximately 12% of Tesla and up to 53% of xAI. SpaceX’s rapid growth has driven its private valuation to nearly $800 billion, despite not being publicly traded. With Elon Musk holding a 42% stake ($317 billion), the company contributes hundreds of billions to his overall net worth. SpaceX hit the $800 billion market cap in an insider share sale and became the most valuable private company in the world. 

The financial information service provider has also cited some industry experts and said that they noted that America was reassessing Musk’s impact: While he was commonly seen as an electric vehicle company (Tesla), a rocket builder (SpaceX), and an AI outfit (xAI), at a higher level, he was redefining transportation, energy, manufacturing, data, and AI, the foundational hardware for the future world.

Tech Titans Dominate Forbes’ Real-Time Billionaires Rankings

The Forbes Real-Time Billionaires List indicates that the technology leaders are controlling the largest concentrations of personal wealth. The list is based on the stock prices and market movements. The ongoing trend shows that the majority of the world’s richest individuals have now reached this state through technology-driven companies.   

The list of the top 10 wealthiest people in the world according to the Forbes Real-Time Billionaires List is given below. 

RankNameNet WorthChangeIndustry
1Elon Musk$680.6B▲ $ 9.1 B | +1.36%Tesla, SpaceX
2Larry Page$248.9B▲ $ 4.4 B | +1.83%Google
3Jeff Bezos$238.8B▲ $ 4.8 B | +2.07%Amazon
4Larry Ellison$229.8B▲ $ 2.2 B | +0.99%Oracle
5Sergey Brin$229.7B▲ $ 4.1 B | +1.82%Google
6Mark Zuckerberg$227.8B▲ $ 5 B | +2.28%Facebook
7Bernard Arnault & family$192.1B▲ $ 1 B | +0.52%LVMH
8Jensen Huang$151.3B▲ $ 2.7 B | +1.85%Semiconductors
9Warren Buffett$149.1B▼ $ 82.4 M | -0.06%Berkshire Hathaway
10Steve Ballmer$147.3B▲ $ 1.9 B | +1.37%Microsoft

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