Elon Musk Becomes First Person in History to Reach Nearly $500 Billion Net Worth
Elon Musk Becomes World’s First $500 Billion Man: Ahead of Diwali, Tesla and SpaceX CEO Elon Musk has achieved a historic financial milestone. He has become the first person in history to amass a net worth nearing half a trillion US dollars, according to Forbes. As of the latest figures, Musk’s net worth stands at an astounding $499.5 billion, marking a record-breaking moment in the world of wealth and business.
This unprecedented rise in wealth is attributed primarily to a sharp surge in Tesla’s stock, along with the growing valuations of Musk’s other ventures, including SpaceX and the artificial intelligence startup xAI.
Tesla Leads the Way
The largest share of Musk’s fortune comes from Tesla, the electric vehicle giant he leads. Tesla’s stock has risen over 14% in 2025, with a significant 4% jump on Wednesday alone, adding more than $7 billion to Musk’s personal wealth in a single day.
Last month, Tesla’s board emphasized Musk’s pivotal role in the company’s future. In a bold move, the company proposed a $1 trillion compensation package to retain him. Tesla aims to evolve beyond electric vehicles and become a leader in AI and robotics, signaling Musk’s influence over its long-term vision.
Other Ventures Fueling the Surge
While Tesla remains the cornerstone of Musk’s fortune, his other companies are also major contributors:
- SpaceX, the frontrunner in the private space industry, continues to experience steady growth in valuation as it expands its operations and innovations.
- xAI, Musk’s latest venture, is quickly gaining momentum in the competitive world of artificial intelligence. The startup’s goal is to rival OpenAI and other leading AI companies, reflecting Musk’s commitment to advancing disruptive technologies.
Who’s in Second Place?
Trailing Musk on the Forbes Billionaires List is Oracle co-founder Larry Ellison, whose net worth stands at $351.5 billion as of Wednesday. The gap highlights the extraordinary scale of Musk’s financial empire.
A Unique Place in History
Elon Musk’s climb to a nearly $500 billion net worth underscores his extraordinary influence across multiple industries—from electric cars and reusable rockets to AI research and robotics. This achievement not only cements his status as the richest person in the world but also places him in a league of his own within the global business and technology ecosystem.
ALSO READ:
