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Musk becomes first person to hit $500 bn net worth
Business Standard
|October 03, 2025
Elon Musk on Wednesday became the first person to surpass $500 billion in net worth, powered by a rebound in Tesla's share price this year and swelling valuations of his other tech ventures.
The milestone comes just under a year after Musk's net worth crossed $400 billion and underscores his lead as the world’s richest person.
Musk's fortune briefly hit $500 billion on Wednesday, before settling at $499.1 billion at 5 pm ET, according to Forbes’ billionaires index.
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