Elon Musk Attains Historic Half-Trillion Dollar Net Worth

Fri Oct 03 2025 04:51:56 GMT+0300 (Eastern European Summer Time)

Elon Musk becomes the world's first half-trillionaire as Tesla sees significant stock increases. His growing wealth underscores his dominance in the tech industry amidst fluctuating market valuations.

Elon Musk, the CEO of Tesla, has achieved a landmark financial milestone by becoming the first person to surpass a net worth of $500 billion. This achievement is driven by the soaring valuation of Tesla and his other ventures such as SpaceX and xAI. Despite a brief drop in value later in the day, his wealth cements his status as the world's richest individual, significantly outpacing competitors like Oracle's Larry Ellison, who is valued at approximately $350.7 billion. Musk's recent financial gains coincide with increased focus on his business ventures rather than his political engagements, which had attracted criticism earlier this year.

Tesla boss Elon Musk has become the first person ever to achieve a net worth of over $500 billion (£370.9 billion), as the value of the electric car company and his other businesses have surged this year.

The tech magnate's net worth briefly exceeded $500.1 billion on Wednesday afternoon New York time, before settling just over $499 billion later in the day, according to the Forbes billionaires index.

Alongside Tesla, the valuations of his ventures, including the artificial intelligence startup xAI and rocket company SpaceX, have reportedly climbed in recent months.

This milestone further cements Musk's status as the world's richest person, well ahead of rivals in the global technology sector.

According to Forbes' billionaires index, Oracle founder Larry Ellison ranks as the second richest individual, with a fortune approximately valued at $350.7 billion.

Mr. Ellison briefly overtook Musk last month after shares in Oracle soared by more than 40%, buoyed by a favorable outlook for its cloud infrastructure business and AI deals.

Musk's immense wealth is closely tied to his over 12% stake in Tesla, which has witnessed a significant spike in share values this year.

On Wednesday, Tesla shares were up by more than 3.3% at the close of New York trading, contributing to a total increase exceeding 20% throughout the year.

These gains have encouraged investors, welcoming Musk's renewed focus on his companies instead of political endeavors.

Earlier this year, he faced backlash for his collaboration with the Trump administration's Department of Government Efficiency, which was tasked with reducing US government spending and cutting jobs.

Musk, who also owns the X social media platform, has expressed vocal opinions on immigration and diversity initiatives.

Tesla's board member, Robyn Denholm, indicated last month that Musk is currently front and centre at the company.

Additionally, the company's board stated Musk could receive a compensation package worth over $1 trillion if he successfully meets a series of ambitious targets in the next decade.

To attain this package, Musk would need to elevate Tesla's market value eightfold and sell a million AI robots, along with selling another 12 million Tesla vehicles, among other goals.

Recently, Musk disclosed significant purchases of Tesla shares amounting to about $1 billion, which some investors interpret as a vote of confidence in the company.

Despite encountering competition from rivals such as China’s BYD, Tesla is also transitioning into the AI and robotics sector, enhancing its diverse portfolio.