Elon Musk has achieved yet another extraordinary milestone. On Wednesday, the Tesla CEO became the first person ever to reach a net worth of nearly $500 billion, according to Forbes. His fortune now stands at $500.1 billion, as tracked by Forbes’ Real-Time Billionaires tracker. Musk had previously crossed the $400 billion mark last December, becoming the first individual in history to reach that milestone. Musk is $150 billion ahead of runner-up Larry Ellison and close to becoming the world's first trillionaire.
Tesla not only contributor to Musk's half-trillion-dollar fortune
Tesla shares rose nearly 4% by 3:30 pm ET on Wednesday, boosting Musk's net worth by an estimated $9.3 billion. With the company’s market capitalization returning to within 10% of its December all-time high, Musk's 12% stake in Tesla is now valued at $191 billion.
Tesla is not the only contributor to Musk's half-trillion-dollar fortune. His rocket company, SpaceX, founded in 2002, is now valued at 0 billion based on a private tender offer in August, up from 0 billion last December. Musk holds an estimated 42% stake in SpaceX, worth around 8 billion. Additionally, his artificial intelligence venture, xAI Holdings, formed in March by merging xAI with the social media platform X (formerly Twitter), is valued at 3 billion, with Musk owning approximately 53% of the company, worth billion.
Musk could become world's first trillionaire
Reaching a net worth of 0 billion is just the latest milestone in Elon Musk's extraordinary wealth journey over the past five years. In March 2020, his net worth was just .6 billion. By August 2020, soaring Tesla shares propelled him to become the fifth person in history worth 0 billion. In January 2021, Musk became the world’s richest person for the first time, with nearly 0 billion. By September 2021, he joined the exclusive 0 billion club, alongside Amazon’s Jeff Bezos and LVMH’s Bernard Arnault. Musk’s wealth milestones continued with 0 billion in November 2021 and 0 billion in December 2024.
If this trajectory continues, Musk could become the world’s first trillionaire by March 2033, coinciding with the first of two vesting dates for his trillion Tesla pay package. However, Musk has stated that the award isn’t motivated by money.
About The Author
Comment List