Elon Musk has become the first person in history to surpass a $600 billion net worth, according to Forbes. This milestone highlights a massive financial trajectory, considering his fortune was valued at approximately $24.6 billion in early 2020. He now holds a lead of over $400 billion over his closest peers.

The surge is primarily driven by a recent SpaceX tender offer that doubled the rocket company’s valuation to $800 billion. This single shift added $168 billion to Musk’s wealth, as he maintains a 42% stake in the firm. With SpaceX targeting a $1.5 trillion IPO in 2026, his net worth is projected to climb even higher.

Musk is currently closing in on the $700 billion mark, positioning him as a potential candidate to become the world's first trillionaire. His current financial standing reflects the massive scaling of his private ventures and their growing dominance in the global market.