The Bloomberg Millionaires Index has moved its figures on great fortunes with a fact that is difficult to ignore: Elon Musk has become the first millionaire to exceed $600,000 million in estimated assets.
According to he Bloomberg Billionaires IndexMusk’s fortune now amounts to about $638 billion, an unprecedented figure that places him in a completely new league within technological capitalism. The leap has been neither minor nor gradual. In a few weeks, the estimate of his assets has skyrocketed by more than $205 billion, driven, above all, by the expectation generated around the SpaceX IPO.
SpaceX: Musk’s new gem. With a Tesla that seeks its place to define itself between an automotive or robotics company, the main engine of Musk’s fortune has moved towards the aerospace industry.
SpaceX, majority controlled by Musk, has been one of the most valuable private companies in the world for years. The information about a possible IPO have revived investor appetite and valuations have skyrocketed internal of the company taking it up to 800,000 million dollars. With this, the valuation of Musk’s fortune has also increased. Bloomberg estimates that the company is already worth several hundred billion dollars, and Musk owns around 42% of capital, in addition to reinforced voting rights.
Tesla, xAI and the rest of the Musk ecosystem. Although SpaceX makes headlines, It is not the only asset that supports Musk’s fortune. Tesla continues to be the other major pillar and, despite moving in a more complex context for the electric car and increasing pressure from Chinese manufacturers, the company maintains a stock market capitalization that is progressively recovering from reputational disaster What did the participation of its CEO in the cuts that DOGE carried out at the beginning of the year.
Added to this are other less visible but relevant participations: xAI, the artificial intelligence company promoted by Musk, is consolidating itself as a business ecosystem highly concentrated in its figure, which amplifies any market movement, both up and down.
Fortunes are not exact figures, but estimates. It is worth, however, putting the numbers about Musk’s fortune in context. Great fortunes are not balances in a checking account, but estimates based on the combined value of each millionaire’s business interests, properties and financial assets. And those estimates They vary depending on who calculates them and with what methodology.
This is where the differences between indices appear. While the Bloomberg Index locates Musk’s fortune around $638 billion, Forbes offers a figure substantially lower: about 509,000 million. The gap is explained by several factors, including how SpaceX is valued.
In other words, neither figure is “correct” in absolute terms. Both are reasonable approximations to an extremely complex heritage, but they serve to determine trends and a comparative value between great fortunes.
One step closer to the first billion. Beyond the specific figure, this new record reinforces an idea that has been circulating for some time: Elon Musk is one of the clearest candidates to become the first billionaire in historythat is, being the first person to accumulate a fortune of one million million dollars.
Yes SpaceX completes its IPO With the valuations that are being used today and Tesla manages to sustain its weight in the market, the jump to the billion is no longer an extravagant hypothesis and has become a plausible scenario in the near future.
Musk’s milestone not only redefines the ranking of the richest in the world. It also underlines the extent to which economic concentration is occurring around a single person or company.
Image | SpaceXFlickr (Gage Skidmore)
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