First $500 Billion Net Worth Person: Elon Musk’s Historic Milestone

Elon Musk Becomes the World’s First Half-Trillionaire

Elon Musk, CEO of Tesla, SpaceX, and other ventures, became the first person ever to reach a net worth of $500 billion on October 1, 2025. This historic financial milestone cements Musk as the richest individual on the planet, surpassing all previous records. His fortune peaked at $500.1 billion according to Forbes’ Real-Time Billionaires tracker, propelled by substantial gains in Tesla shares and increased valuations of his other companies.forbes+2

Key Drivers of Musk’s $500 Billion Net Worth

Tesla’s Stock Surge

Musk owns more than 12% of Tesla, and the electric vehicle company’s stock plays a central role in his wealth accumulation. In 2025, Tesla shares rose more than 14%, including a 3.3% jump on the day his net worth crossed the $500 billion mark. This surge added approximately $9 billion to his fortune. Tesla’s market capitalization is now close to its all-time high, fueling Musk’s net worth growth.timesofindia.indiatimes+1

SpaceX and xAI Valuations

Besides Tesla, Musk’s aerospace company SpaceX has reached an estimated valuation of $400 billion, contributing about $168 billion to his wealth. Additionally, his artificial intelligence venture, xAI, merged with the social media platform X, has a combined valuation over $100 billion, with Musk holding a majority stake. These ventures substantially add to Musk’s diversified portfolio and net worth.forbes+1

Looking Ahead: The Potential First Trillionaire

Elon Musk’s trajectory toward becoming the world’s first trillionaire appears feasible. Tesla’s board recently proposed a historic pay package for Musk that could be worth over $1 trillion if the company achieves ambitious targets like an eightfold increase in market capitalization and millions of AI robots sold over the next decade. Analysts estimate Musk could reach trillionaire status by 2033 if this happens.foxbusiness+2

Despite the staggering numbers, Musk has stated that his motivation is not solely financial. He emphasizes wanting enough influence over Tesla to ensure its long-term success and safety, especially as the company advances in AI and robotics.forbes

Summary

Elon Musk’s achievement as the first person with a $500 billion net worth marks a new pinnacle in global wealth history. His stakes in Tesla, SpaceX, and xAI are key pillars of this fortune. Looking forward, his ambitious targets and continued focus on innovation could make the first trillionaire a reality within the next decade, setting new standards for billionaire wealth.bbc+2