Elon Musk becomes the first person in history to reach a $500 billion net worth, driven by Tesla, SpaceX, and xAI. Discover how he’s on track to become the world’s first trillionaire.
Tech magnate Elon Musk has once again made headlines by achieving a historic financial milestone. According to Forbes’ Real-Time Billionaires Tracker, the Tesla and SpaceX CEO has become the first person in the world to amass a net worth of $500.1 billion, setting a new benchmark in the history of personal wealth.
This remarkable achievement solidifies Musk’s position not only as the richest person alive but also as the first individual to ever reach the half-trillion-dollar mark in net worth.
Tesla Surge Boosts Musk’s Wealth by $9.3 Billion
A major contributor to Musk’s record-breaking net worth is Tesla Inc., whose shares surged nearly 4% by Wednesday afternoon. This jump alone added an estimated $9.3 billion to Musk’s wealth. Tesla’s current market capitalization is now within 10% of its all-time high, and Musk’s 12% stake in the electric vehicle giant is now valued at $191 billion.
SpaceX, xAI Holdings Add Billions to Musk’s Fortune
While Tesla remains a core pillar of Elon Musk‘s fortune, it is not the only source of his wealth. His aerospace company SpaceX, founded in 2002, is now valued at a staggering $400 billion following a private tender offer in August. Musk’s 42% ownership stake in SpaceX adds another $168 billion to his net worth.
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In addition, Elon Musk‘s AI and tech conglomerate xAI Holdings—formed earlier this year by merging his AI startup xAI with X (formerly Twitter)—has quickly reached a valuation of $113 billion. Musk owns 53% of the company, translating into an estimated $60 billion in value.
Musk’s Unstoppable Rise in Net Worth: A Timeline of Milestones
Musk’s wealth growth over the past five years has been unprecedented:
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March 2020 – Net worth: $24.6 billion
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August 2020 – Surpasses $100 billion, becomes 5th person to reach the milestone
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January 2021 – Becomes world’s richest person with $190 billion
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September 2021 – Joins $200 billion club alongside Jeff Bezos and Bernard Arnault
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November 2021 – Hits $300 billion
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December 2024 – Becomes first to reach $400 billion
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October 2025 – Reaches historic $500 billion
Could Elon Musk Become the World’s First Trillionaire?
Experts believe Elon Musk is on track to become the world’s first trillionaire, potentially as early as March 2033, coinciding with the first vesting date of his $1 trillion Tesla compensation package. However, Musk has repeatedly emphasized that money is not his motivation, stating that his primary focus is on innovation and the future of humanity.
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