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Musk becomes first person to hit $500 billion net worth, Forbes list shows

Elon Musk's wealth surged past $500 billion driven by Tesla stock gains and stakes in SpaceX and xAI Holdings, marking a historic financial milestone, Forbes reported.

  • Elon Musk became the first person to reach a net worth of $500 billion on Wednesday, as reported by Forbes.
  • Musk's wealth has significantly increased from $24.6 billion in March 2020 to $500 billion now, according to Forbes.
  • Musk's wealth increased by about $10 billion from Tuesday due to rising Tesla stock prices.
  • Musk could become the world's first trillionaire by 2033 if new compensation proposals are approved.
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Elon Musk becomes the first person in history with a $500,000 million estate, a milestone in his upward career as an entrepreneur

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Forbes broke the news in United States on Wednesday, October 1, 2025.
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