Elon Musk's Fortune Exceeds Combined Wealth of Bezos, Zuckerberg, and Huang, With $69 Billion to Spare
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Elon Musk's wealth soared, exceeding the combined fortunes of Jeff Bezos, Mark Zuckerberg, and Jensen Huang, with billions to spare. Driven by SpaceX IPO buzz.
Elon Musk, already the world's wealthiest individual for quite some time with only brief exceptions like Larry Ellison of Oracle, has reached a new financial peak. Fueled by speculation surrounding a potential SpaceX initial public offering (IPO), Musk's net worth skyrocketed to $600 billion on Monday.
Forbes Real-Time Billionaires reports that Musk's wealth has surpassed $684 billion. This makes him the first person to reach such a figure, amid growing anticipation that SpaceX might launch its IPO with an $800 billion valuation.
On Monday alone, Musk's fortune increased by a staggering $168 billion, followed by an additional $8 billion on Tuesday, bringing his total net worth to $684.2 billion.
Musk's Wealth Compared to Other Billionaires
Musk's wealth now exceeds the combined net worth of several other prominent billionaires:
- Jeff Bezos (Amazon founder): $235.1 billion
- Mark Zuckerberg (Meta CEO): $225.3 billion
- Jensen Huang (Nvidia CEO): $154.4 billion
Combined, Bezos, Zuckerberg, and Huang possess $614.8 billion. This means Elon Musk would still have $69.4 billion remaining even after adding their fortunes together.
According to Forbes, Bezos, Zuckerberg, and Huang are currently ranked as the 4th, 6th, and 8th richest individuals worldwide, respectively.
Factors Contributing to Musk's Wealth Surge
Musk, who first exceeded $500 billion in October, holds an estimated 42% stake in SpaceX, which is reportedly preparing for a public offering next year. His wealth also benefits from his approximate 12% stake in Tesla. Despite slumping sales, Tesla shares have risen by 13% this year. On Tuesday, December 16th, shares rose more than 3% following Musk's announcement that the company is testing robotaxis without safety monitors in the front passenger seat.
In November, Tesla shareholders approved a $1 trillion pay package for Musk. This is the largest corporate pay package ever, as investors support his vision of transforming the electric vehicle company into an AI and robotics leader. Additionally, Reuters reports that Musk's artificial intelligence startup, xAI, is in advanced discussions to raise $15 billion in new equity at a $230 billion valuation.
