Elon Musk Briefly Tops $500 Billion Net Worth, Nearing Trillionaire Status
Elon Musk Briefly Tops $500 Billion Net Worth, Nearing Trillionaire Status
Elon Musk has made history by becoming the first individual to see their net worth temporarily exceed $500 billion, placing the Tesla CEO significantly closer to achieving trillionaire status. The milestone was reached on Wednesday, though his wealth subsequently settled slightly below the half-trillion mark at $499 billion, according to Forbes.
This monumental surge in wealth is largely attributed to a robust performance by Tesla, where Musk holds a 12% stake. The electric vehicle giant, valued over $1.5 trillion, has seen its shares climb by 70% over the last six months and 13% since the start of 2025, buoyed by improved investor confidence as Musk reportedly refocused his attention on his companies. Tesla’s board chair, Robyn Denholm, confirmed last month that Musk was back “front and centre” after a period away.
Musk’s diverse portfolio also includes the rocket company SpaceX, reportedly seeking a $400 billion valuation, and the AI firm xAI, valued at $75 billion. His recent confidence in Tesla was underscored by a personal purchase of approximately $1 billion in shares, coinciding with the board’s proposed $1 trillion compensation plan tied to ambitious growth targets.
Despite this recent peak, Musk’s position at the apex of the global wealth rankings has seen some volatility. In September, Oracle co-founder Larry Ellison briefly surpassed him as the world’s richest person, as per Bloomberg’s index. Currently, Bloomberg estimates Musk’s fortune at $470 billion, still comfortably ahead of Ellison’s $349 billion.
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