Elon Musk becomes the first person in history to have a net worth of $500 billion

Yasamin Thu Oct 2025 2 months ago 118

According to the Forbes Billionaires Index, Musk’s net worth reached $500.1 billion yesterday at 4:15 PM Eastern Time.


This increase in wealth stems from the recovery of the electric car company’s stock and the rising value of his startups this year.


However, Musk’s wealth is closely tied to Tesla; as of September 15th, he held more than 12.4% of the company’s shares. Tesla’s stock has grown by more than 14% this year so far and closed with a 3.3% increase on Wednesday, adding over six billion dollars to Musk’s net worth.


Previously, Elon Musk disclosed the purchase of approximately one billion dollars’ worth of Tesla stock, an action that demonstrates his confidence in the company’s future in electric vehicle manufacturing and the use of artificial intelligence and robotics.

Elon Musk, the CEO of Tesla, became the first person in history on Wednesday October 1st, to have a net worth reaching approximately $500 billion.

yasamin

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