On October 1, 2025, Elon Musk became the first individual to achieve a net worth of $500.1 billion during New York trading, though it later dipped to $499 billion.
His 12% stake in Tesla, the electric vehicle and clean energy giant, drove this milestone.
Tesla’s Stock Surge
Tesla’s shares have climbed over 20% since January 2025, rebounding from early setbacks linked to Musk’s ties to U.S. President Donald Trump.
The company’s growth has significantly boosted his fortune.
Other Ventures
Musk’s wealth is also fueled by his other companies. SpaceX, a leader in space technology, and xAI, an AI startup, have seen rising valuations, adding to his financial empire.
Top of the Rich List
Musk has consistently led global wealth rankings. Last month, Oracle’s Larry Ellison briefly overtook him when Oracle’s stock jumped 43%, driven by demand for cloud computing services.
Massive Compensation Plan
In September 2025, Tesla’s board proposed a $1 trillion compensation package for Musk, tied to the company reaching an $8.5 trillion market value within a decade, over eight times its current worth.
Why It Matters
Musk’s historic wealth reflects Tesla’s dominance in electric vehicles and his influence across tech sectors, shaping markets and innovation globally.
What’s Next
In 2025, Musk’s focus on Tesla, SpaceX, and xAI will likely drive further growth, while his compensation plan could redefine corporate incentives if achieved.
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