Elon Musk’s net worth closed 2025 at $726.3 billion, making him richer than the economies of Belgium and Ireland, and the market value of companies like Oracle and Johnson & Johnson, according to Forbes’ Real-Time Billionaires List.
The figure marks the end of a record year for the Tesla and SpaceX chief executive. Musk’s wealth fell $3.3 billion on Wednesday as Tesla shares dropped 1% to $449.72, despite an 18% rise for the year.
Musk has held the title of world’s richest person since May 2024, when he overtook LVMH’s Bernard Arnault. He leads Google co-founder Larry Page ($256.9bn), Oracle’s Larry Ellison ($245bn), Amazon’s Jeff Bezos ($242.2bn) and Sergey Brin ($237.1bn) in the top five.
Forbes ranks Musk’s fortune ahead of the 23rd largest economy in the world. It exceeds Belgium’s GDP of $716bn (24th), Ireland’s $708bn (25th), Argentina’s $683bn (26th) and Sweden’s $662bn (27th), per International Monetary Fund data. It trails Taiwan’s $884bn (22nd).
The total also surpasses the market caps of Oracle ($560bn), Johnson & Johnson ($498.6bn) and LVMH ($375.9bn). It is nearly equal to the global cryptocurrency market’s value in 2018 ($773bn) and more than double Ethereum’s 2025 market cap ($358bn).
Musk’s wealth surged past key milestones this year: $300bn in November 2024, $400bn the next month, $500bn in October, $600bn earlier this month and $700bn four days later.
These gains followed a SpaceX tender offer valuing the company at $800bn, up from $400bn in August, adding about $168bn to Musk’s fortune. The Delaware Supreme Court also restored Musk’s $139bn Tesla stock options package, previously voided by a lower court. Forbes had cut its value by 50% since January 2024.
Tesla shareholders approved a new compensation plan in November that could push Musk towards $1tn if the company meets growth targets over the next decade.
