Elon Musk becomes first individual to ever surpass $600bn net worth

Elon Musk, the chief executive officer (CEO) of Tesla, has become the first person in the world to hit a net worth of $638 billion.

Data on Bloomberg’s Billionaire Index (BBI) show a wide gap between the South African-born American billionaire and other global billionaires.

The data showed that tech billionaire’s wealth jumped by 42.7 percent within a year from December 2024.

The new value is also 140.75 percent higher than that of his counterpart, Larry Page, who ranks second at $265 billion.

The index ranks Sergey Brin and Jeff Bezos as third and fourth, respectively, with a value of $246 billion.

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