Tesla and SpaceX CEO Elon Musk has scripted history yet again. Musk reached a historic milestone in his financial journey. His net worth has surged to an astonishing $500.1 billion, making him the world’s wealthiest person, according to Forbes’ Real-Time Billionaires tracker. He is well on track to become the world’s first trillionaire by March 2033.
Musk was the first person ever to surpass the $400 billion mark in December last year and now holds a fortune that’s $150 billion larger than his closest rival, Oracle co-founder Larry Ellison. Musk’s massive empire spans electric vehicles, space exploration, and artificial intelligence.
Musk’s riches are largely driven by his 12.4% stake in Tesla, which witnessed a 14% rise in stock value this year alone. On Wednesday alone, a significant single-day surge in Tesla’s stock added a staggering $9.3 billion to Musk’s wealth. Thanks to Musk’s return to the electric vehicle business and a shift in investor sentiment, Tesla’s shares began to increase despite a shaky start to 2023.
Following Tesla’s skyrocketing stock value, the company’s board of directors recently proposed a staggering $1 trillion compensation package for Musk. Elon Musk’s AI venture, xAI, registered a whopping $75 billion valuation in July. Apart from Tesla, SpaceX and xAI have significantly contributed to Musk’s half-trillion-dollar wealth.
This post was last modified on 2 October 2025 9:01 am
Ranbir Kapoor is currently enjoying the positive response to Ramayana Part 1. The film has…
The NDA alliance has registered a massive victory in the Andhra Pradesh ZPTC elections. By…
Janhvi Kapoor after her Peddi controversy is once again facing criticism on social media. This…
Nitesh Tiwari's Ramayana: Part 1 was released in theatres on November 5 and is getting…
Tripti Dimri, who is part of Prabhas’s upcoming movie Spirit under the direction of Sandeep…
Malavika Mohanan celebrated Diwali at the party hosted by designer Manish Malhotra, and she turned…