This occurred following the acquisition of his artificial intelligence and social media company XAI, by his rocket and space company SpaceX.
The report said: "According to Forbes, this deal, valued at a total of $1.25 trillion, boosted Musk's fortune by $84 billion, bringing it to a record-breaking $852 billion".
In March 2020, Musk's wealth was estimated at $24.6 billion, but by January 2021, he became the richest person on the planet. His fortune exceeded $200 and $300 billion that same year, $400 billion in 2024, and continued to surpass $500, $600, and $700 billion between October and December 2025, reported by ria.ru.