Elon Musk has made history: he is now the first individual ever recorded to reach a net worth of $500 billion, according to Forbes’ Real-Time Billionaires index.
Verified Facts Behind the Milestone
- Forbes reports that at 4:15 p.m. ET on October 1, 2025, Musk’s net worth stood at $500.1 billion.
- The rise was driven largely by gains in Tesla’s share price, along with favorable valuations of Musk’s other ventures, including SpaceX and xAI.
- As of mid-September 2025, Musk held about 12.4% of Tesla, according to Reuters.
- Tesla stock’s performance added billions to Musk’s wealth on that day alone, contributing significantly to surpassing the $500B threshold.
Context & Caveats
- While Forbes places Musk at $500.1 billion, different wealth trackers use varying methods. For example, Bloomberg’s Billionaires Index places Musk’s net worth lower (in the hundreds of billions) due to differences in private company valuation.
- Musk’s wealth is heavily tied to equity holdings, especially in Tesla, making it subject to daily stock market volatility.
- Prior to this, Musk had already broken other net worth records — for example, surpassing the $400 billion mark in previous years.
What This Means
- This is the first documented case of a person crossing the $500 billion net worth level.
- It underscores how modern technology and equity-based wealth can scale far beyond past historical benchmarks.
- The record is tethered to market sentiment: even a modest reversal in Tesla stock or investor confidence could shift this ranking.
📌 Bottom Line: According to Forbes, Elon Musk has become the first person in history to reach a net worth of $500 billion, primarily driven by gains in Tesla and other tech holdings. Different sources may estimate somewhat lower values depending on methodology, but this milestone is now part of the public record.
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