Tesla CEO Elon Musk has officially become the first person in history to achieve a net worth of $500.1 billion, according to Forbes’ Real-Time Billionaires tracker (October 2025). This milestone makes him not just the world’s richest individual, but also puts him $150 billion ahead of Larry Ellison, co-founder of Oracle, who is the second-richest person globally.
Musk had earlier become the first person to cross $400 billion in December, 2024. His wealth surge is tied primarily to the performance of his companies: Tesla, SpaceX, and xAI.
Tesla board chair Robyn Denholm confirmed Musk was “front and centre” at Tesla again, following months in Washington.
In a major move, Musk himself purchased $1 billion worth of Tesla shares, showing confidence in the company’s shift from electric vehicles to AI and robotics leadership.
The Tesla board has also proposed a $1 trillion compensation plan for Musk, setting tough financial and operational targets.
Tesla isn’t Musk’s only source of fortune. Two other companies—SpaceX and xAI—are rapidly increasing his net worth:
Together, these ventures add significantly to Musk’s half-trillion-dollar fortune.
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