Elon Musk Becomes the First Person With a $500 Billion Net Worth

Elon Musk has reached yet another incredible milestone, as he approaches becoming the first trillionaire on the planet.

The tech titan recently saw his net worth peak at $500 billion after a nearly 4% surge in Tesla stocks, adding an impressive $9.3 billion to his wealth, according to Forbes. His current valuation stands at about $490.1 billion, as reported by the Real-Time Billionaire Tracker.

For those curious, he’s projected to achieve trillionaire status by 2033, coinciding with the first vesting date of his proposed $1 trillion compensation plan from Tesla.

Elon’s recent evaluation places him approximately $150 billion ahead of Larry Ellison, who briefly held the title of world’s richest person this past September, though Musk quickly re-secured his position as the wealthiest individual.

This pay package was proposed by the board of Tesla last month, providing Musk with 12% of the company’s stock contingent upon achieving specific performance metrics, according to Fox Business.

The entrepreneur already holds a 12% stake in Tesla, which is valued at around $191 billion. Notably, the company’s stocks have nearly doubled since April, when he announced he would be stepping back from his role at DOGE to prioritize his responsibilities with the electric vehicle firm.

Elon first exceeded the $100 billion mark in 2020, then reached $400 billion in 2024, and it seems unlikely that his fortune will diminish any time soon.