COINOTAG News, December 16 — according to the Bloomberg Billionaires Index, Elon Musk has crossed a historic wealth threshold, with net worth effectively topping $600 billion and aggregating toward $638 billion in the latest tally. The milestone represents the first instance the index records a figure above six hundred billion, highlighting the scale of private-market value concentrated in a single technology entrepreneur.

Private market dynamics are further underscored by SpaceX, valued at about $800 billion in an internal equity sale, making the company the world’s most valuable private entity. Musk’s 42% stake is estimated near $317 billion after applying a liquidity discount for private firms.

For crypto markets, such wealth milestones can influence risk sentiment and capital allocation, as large private valuations and founder leadership tend to affect liquidity conditions and venture funding flows that drive token activity and altcoin correlations.