Elon Musk has made history by becoming the first person in the world to reach an estimated net worth of over $700 billion, a landmark achievement that underscores his vast influence in the technology, space, and automotive industries. According to the Forbes Billionaires Index, Musk’s fortune climbed to roughly $749 billion after a key legal victory that restored part of his 2018 Tesla compensation package.
The boost came when the Delaware Supreme Court reinstated Tesla stock options worth about $139 billion that had been voided by a lower court. The ruling said the earlier decision was improper, allowing Forbes to add the full value of those options back into Musk’s estimated wealth. Musk’s net worth leapfrogged past the previous record, placing him far ahead of the second-richest person on the planet.
A large part of Musk’s wealth still comes from his stakes in Tesla and SpaceX. He owns about 12 percent of Tesla, which remains a major player in the electric vehicle market and reported sustained investor confidence. His roughly 42 percent stake in SpaceX, valued in the hundreds of billions, also plays a big role, with plans for a future public offering expected to lift valuations even further.
Reaching the $700 billion milestone highlights how rising company valuations and investor confidence have propelled Musk’s fortune. It also reflects the impact of legal decisions, board actions, and market performance on billionaire rankings. Some analysts say the milestone brings Musk closer to a potential trillionaire valuation if SpaceX or other ventures hit major market targets in the coming years.
This achievement isn’t just about wealth. It signals the growing economic power of tech founders whose businesses shape future industries like electric mobility, clean energy, and commercial space exploration. Musk’s record net worth now stands as one of the most remarkable financial milestones in modern history.
