Post by : Raman

Tesla CEO Elon Musk has reached a historic milestone, becoming the first person in history with a net worth of $500 billion, according to Forbes’ Real-Time Billionaires tracker. The South Africa-born entrepreneur, who previously served as an advisor to former U.S. President Donald Trump, first surpassed the $400 billion mark in December, and his fortune now exceeds that of Oracle co-founder Larry Ellison by $150 billion.

Musk’s wealth is largely tied to his electric vehicle company Tesla, where he owns more than 12.4% of the company as of mid-September 2025. Tesla’s stock has risen over 14% this year, and a nearly 4% jump on Wednesday alone added approximately $9.3 billion to Musk’s net worth. The company’s growth reflects investor confidence as Musk refocused on Tesla following his time at the White House’s Department of Government Efficiency (DOGE).

Tesla board chair Robyn Denholm recently highlighted that Musk is now “front and centre” at Tesla, steering the company’s ambitions beyond automobiles into AI and robotics innovation. Demonstrating his confidence, Musk personally purchased roughly $1 billion worth of Tesla shares earlier this year. In addition, the Tesla board has proposed a $1 trillion compensation plan for Musk, linking payouts to ambitious financial and operational goals.

Musk’s wealth extends beyond Tesla. His AI startup xAI was last valued at $75 billion in July, with discussions of a potential $200 billion valuation later in the year, while his private space company, SpaceX, is valued around $400 billion. Both ventures have contributed significantly to Musk’s growing fortune, positioning him as a leader in technology and space exploration.

If Musk’s wealth continues to grow at its current pace, he could become the world’s first trillionaire by March 2033, coinciding with the first vesting date of his $1 trillion Tesla compensation package. Analysts say Musk’s financial trajectory underscores the influence of tech innovation, AI development, and space commercialization on modern billionaire wealth accumulation.

#world news #Global News #Tech News