Elon Musk's net worth has surged past Sh77.3 trillion ($600 billion), bringing him closer to becoming the world's first trillionaire, Forbes reports.
The figure marks a 20% increase from October 2025, when his wealth was around Sh64.5 trillion ($500 billion).
The rise follows reports that SpaceX, where Musk owns a 42% stake, is planning an initial public offering (IPO) targeting a valuation of Sh103.2 trillion ($800 billion).
A Reuters report confirmed that Musk is the first individual to surpass the Sh77.3 trillion ($600 billion) mark.
SpaceX is eyeing a 2026 IPO that could value the company at about Sh193.5 trillion ($1.5 trillion), according to one investor cited by Forbes.
Born on June 28, 1971, in Pretoria, South Africa, Musk is a South African-American entrepreneur.
He co-founded PayPal, founded SpaceX, and became an early investor and CEO of Tesla.
In 2022, he also acquired Twitter, now X.
Even without the IPO, Musk's Sh43.3 trillion ($336 billion) stake in SpaceX is his most valuable asset.
His 12% stake in Tesla is worth Sh25.4 trillion ($197 billion), excluding stock options from his 2018 CEO Performance Award, which were voided by a Delaware judge in January 2024.
Forbes has discounted those options by 50% to Sh8.9 trillion ($69 billion), pending the outcome of Musk's appeal to the Delaware Supreme Court.
Musk's wealth has also benefited from Tesla's performance.
The electric vehicle maker's shares have climbed 13% since the start of the year, with further gains after testing its robotaxi service without safety supervisors.
Tesla recently secured shareholder approval for a Sh129 trillion ($1 trillion) compensation package for Musk-the largest corporate pay package in history.
Beyond Tesla and SpaceX, Musk has expanded into AI through xAI.
The start-up is reportedly in advanced talks to raise Sh1.9 trillion ($15 billion) at a valuation of up to Sh29.7 trillion ($230 billion).