This milestone was reached after his company SpaceX acquired xAI, which is engaged in artificial intelligence development and created a chatbot named Grok. According to Forbes, this deal added 84 billion dollars to Musk's fortune, increasing it to a record 852 billion.
In second place on Forbes' list of the richest people in the world is Larry Page, one of the co-founders of Google, whose net worth is 281 billion dollars.
Before the deal, Musk owned 42% of SpaceX shares, valued at 336 billion dollars, and 49% of xAI shares, worth 122 billion. After the deal was completed, his stake in the combined company is 43%, and its value reached 542 billion dollars. Forbes emphasizes that SpaceX has become Musk's most valuable asset.
On December 20, 2025, Forbes reported that Musk's net worth had already exceeded 700 billion dollars. Just five days prior, the publication estimated his wealth at 677 billion, calling him the first person whose fortune surpassed 600 billion.
Elon Musk first topped the Forbes list of the richest people in January 2021, when his net worth was estimated at 190 billion dollars.
