Elon Musk Becomes World’s First Half-Trillionaire as Net Worth Hits $500 Billion

Elon Musk has set a new world record after his net worth soared to $500 billion, according to Forbes’ Real-Time Billionaires Index. This milestone makes him the first individual in history to achieve half a trillion dollars in personal fortune.

The Tesla CEO’s wealth jumped by over $9 billion in a single day following a 4% rise in Tesla’s stock on Wednesday.

Since April, the company’s shares have nearly doubled, largely boosted by Musk’s decision to step away from his government advisory role under former U.S. President Donald Trump to focus fully on Tesla.

Tesla’s market value now sits just 10% shy of its all-time high, with Musk’s 12% stake worth around $191 billion. This excludes potential earnings tied to his 2018 compensation package, which is currently under legal review but could add another $133 billion to his fortune.

Meanwhile, Tesla’s board has proposed a new pay plan that could one day hand Musk up to $1 trillion in stock options, depending on performance.

Beyond Tesla, Musk’s financial empire includes a 42% stake in SpaceX, valued at $168 billion after a recent private tender placed the company’s worth at $400 billion.

He also owns 53% of xAI Holding, a merger of his AI startup xAI and social media platform X (formerly Twitter), with a combined valuation of $60 billion.

With vast holdings across electric vehicles, space exploration, artificial intelligence, and social media, Musk has officially rewritten the global wealth record books, standing far ahead of Oracle co-founder Larry Ellison, who trails by almost $150 billion.