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New Delhi. The wealth of Elon Musk, one of the richest people in the world, continues to increase rapidly. On Thursday, his net worth increased by $ 45 billion in a single day to reach $ 722 billion. With this, Musk has now come closer towards becoming a trillionaire.

According to the Bloomberg Billionaires Index, second-place Larry Page’s wealth is less than half of Musk’s total net worth, further strengthening his lead.

SpaceX IPO may further increase wealth

Elon Musk’s company SpaceX is preparing to launch an IPO in the US stock market soon. This listing may take place under the code “SPCX” and is being considered one of the largest IPOs in the history of Wall Street.

SpaceX is known for rocket manufacturing and Starlink satellite internet service. The valuation of the company is estimated to be around $1.25 trillion. Musk has a majority stake in it, which could be worth more than $600 billion. If this IPO is successful, Musk’s net worth is estimated to reach above $1 trillion, allowing him to join the trillionaire club.

Earning billions of dollars in 5 months

According to the report, Elon Musk has increased his wealth by approximately $103 billion so far this year. This figure is said to be more than the total wealth of India’s big industrialists. For comparison, Mukesh Ambani’s net worth is said to be around $88.10 billion and Gautam Adani’s is said to be around $108 billion.

Increase in wealth of other billionaires also

According to Bloomberg Index, this year there has been a sharp increase in the wealth of many big billionaires. Larry Page’s wealth has increased by $58.1 billion, Sergey Brin’s wealth has increased by $53.7 billion and the wealth of other tech giants has also increased by billions of dollars. Billionaires like Michael Dell, Jeff Bezos, Jensen Huang and Thomas Peterffy have also seen a significant increase in their wealth this year, while Adani’s wealth is also reported to have increased by $23.1 billion.