Elon Musk Becomes World’s First Half-Trillionaire
Tesla CEO Elon Musk has reached a historic milestone, briefly becoming the first person ever with a net worth exceeding $500bn (£370.9bn), according to Forbes’ billionaires index.
- Musk’s net worth hit $500.1bn on Wednesday afternoon (New York time) before dipping slightly to just over $499bn.
- The surge is fueled by rising valuations in Tesla, his AI startup xAI, and SpaceX.
- Musk remains the world’s richest person, ahead of Oracle founder Larry Ellison, whose fortune stands at about $350.7bn. Ellison briefly overtook Musk last month after a 40% jump in Oracle shares.
- Musk’s wealth is closely tied to his 12%+ stake in Tesla, whose shares have risen over 20% this year, including a 3.3% gain on Wednesday.
- Investors have responded positively as Musk focuses more on his companies rather than politics.
📈 Tesla’s board chair, Robyn Denholm, said Musk is now “front and centre” at the carmaker. Musk could earn a pay package worth over $1tn if he hits ambitious targets over the next decade, including:
- Boosting Tesla’s value eightfold
- Selling 12 million cars
- Selling a million AI robots
This milestone cements Musk’s influence in the global tech sector and highlights his growing dominance in electric vehicles, AI, and space exploration.
