Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Elon Musk's Net Worth Surges $167B Overnight to an Unbelievable $638B on SpaceX's $800B Valuation

Elon Musk could reach trillionaire status much sooner than anticipated. (Credit: AFP News)

Elon Musk has become the first person to reach a net worth of $500 billion (£372.9 billion), and he is now the first to surpass $600 billion.

According to the Bloomberg Billionaires Index, Musk's net worth surged by $167 billion (£124.5 billion) in a single day, soaring to $638 billion (£475.8 billion). Year-to-date, his net worth has climbed by a mammoth $205 billion (£152.8 billion), according to the index. Forbes previously predicted Musk could become a trillionaire by 2033, but recent developments suggest he could reach that milestone much earlier.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.