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Tesla rebound pushes Elon Musk’s fortune past $500.1 billion
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SpaceX, xAI valuations accelerate billionaire’s rise
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Oracle’s Larry Ellison trails with $350.7 billion
Elon Musk has made history as the first person in the world to reach a net worth of $500 billion, according to Forbes.
The Tesla boss’s fortune hit $500.1 billion on Wednesday at 4:15 p.m. ET, propelled by a surge in Tesla stock alongside soaring valuations of his other companies, SpaceX and xAI.
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Musk currently owns over 12.4% of Tesla, whose shares have risen more than 14% in 2025, adding $6 billion to his wealth in a single day. After months of turbulence, confidence returned when Musk renewed focus on Tesla, buying $1 billion worth of shares in a move analysts described as a bold show of faith in the company’s future as it pivots into AI and robotics.
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Tesla, however, still battles weak car sales and shrinking margins, making it one of the “Magnificent Seven” tech giants’ slowest performers. Its board recently floated a $1 trillion compensation package for Musk, tied to ambitious operational milestones.
Other ventures fuel record fortune
Musk’s wealth is not just Tesla-driven. His AI company, xAI, was valued at $75 billion in July, with reports suggesting a possible $200 billion valuation on the horizon. Meanwhile, SpaceX is preparing for a funding round valuing it at $400 billion, Bloomberg reported.
Rivals trail far behind
On the global rich list, Oracle founder Larry Ellison follows with a net worth of $350.7 billion, nearly $150 billion short of Musk’s record-breaking fortune.
Forbes’ billionaire index confirms Musk’s position as the world’s richest man, cementing his dominance in both technology and space exploration.
