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Musk becomes first person to hit $500 billion net worth
Millennium Post Delhi
|New Delhi 03October2025
‘Musk’s fortune briefly hit $500 billion on Wednesday, before settling at $499.1 bn at 5 pm ET’
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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’ richest person.
Musk’s fortune briefly hit $500 billion on Wednesday, before settling at $499.1 billion at 5 p.m. ET, according to Forbes’ billionaires index.
His wealth is tied closely to his about 12 per cent stake in Tesla, the world’s most valuable automaker. The electric-vehicle maker's stock has climbed about 14 per cent so far this year after a choppy start, Reuters reported.
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