Historic Milestone: Elon Musk Becomes the World’s First Person to Achieve a $500 Billion Net Worth

On Wednesday, October 1, Elon Musk made history once again, officially becoming the first person in the world to reach a staggering $500 billion net worth. This unprecedented financial milestone not only solidifies his position as the richest person in the world but also fuels speculation that he could soon become the world’s first trillionaire.

Musk’s meteoric rise to the $500 billion net worth mark, as reported by the Forbes Billionaires Index, stems from the combined success of his groundbreaking companies in electric vehicles, space exploration, and artificial intelligence.

The largest driver of Musk’s wealth remains his stake in Tesla. After a turbulent start to the year, Tesla shares have staged a strong rebound, climbing more than 14% in 2025 alone.

A 3.3% stock jump on Wednesday added over $6 billion to Musk’s fortune. This resurgence is powered by investor optimism over Tesla’s expansion into AI and robotics, alongside speculation about a $1 trillion compensation plan for Musk, underscoring his central role in the company’s future.

Musk’s privately held ventures also contribute massively:

• SpaceX: Valued at $400 billion, SpaceX dominates the global private space industry and is currently the most valuable private company in the world.
• xAI: Musk’s artificial intelligence startup is rapidly expanding. Officially valued at $75 billion in July, xAI’s rumored valuation could soon reach $200 billion, cementing its place in the AI race.

With a net worth now $150 billion higher than Larry Ellison, the world’s second-richest individual, Musk has widened the wealth gap considerably.

This milestone has reignited debates about Musk’s potential to become the first trillionaire in history. His stakes in Tesla, SpaceX, and xAI each positioned in future-defining industries make it increasingly likely that the trillion-dollar mark is a question of when, not if.

Musk’s ability to harness market momentum, investor enthusiasm, and disruptive innovation continues to set him apart. For now, the $500 billion net worth achievement stands as a historic reminder of the financial scale that modern technology entrepreneurship can unlock.

What impact do you think Musk’s massive capital reserves will have on his future ventures in space travel and artificial intelligence? Share your thoughts in the comments below!