Elon Musk becomes 1st person with $500B fortune
Elon Musk, the CEO of Tesla and SpaceX, has officially become the first person in history to cross a $500 billion net worth, according to Forbes this week.
Most of his wealth comes from Tesla, whose stock has jumped over 14% so far in 2025.
On Wednesday, October 1, a single day's rise added more than $6 billion to his fortune.
Tesla's stock surge boosts Musk's wealth
Musk owns about 12.4% of Tesla, and the company isn't just about cars anymore—they're moving into AI and robotics too.
This year's stock surge has been a huge boost for him.
Musk's other ventures add to his wealth
Musk's AI startup xAI was valued at around $75 billion as of July 2025. Meanwhile, SpaceX is closing in on a massive $400 billion valuation thanks to new investments and share sales.
These ventures are helping keep Musk way ahead in the world's richest rankings.