Musk worth Ksh.108 trillion in new Forbes list

Elon Musk is the wealthiest individual ever recorded, worth an estimated $839 billion (Ksh.108.44 trillion), Forbes said Tuesday, as a record 3,428 billionaires worldwide saw their combined fortunes surge to an all-time high of $20.1 trillion.

Musk topped the Forbes World's Billionaires list for the second consecutive year after his fortune swelled by roughly $500 billion (Ksh.64.6 trillion) over the past twelve months, driven by rising valuations at Tesla and SpaceX, which is targeting a public offering in 2026.

He is the first person ever to surpass the $800 billion mark and is on course to become the world's first trillionaire.