Elon Musk has officially become the first person in history to reach a net worth of $500 billion, marking an unprecedented milestone in the world of wealth and technology. The announcement was confirmed by Forbes on October 1, 2025, following a sharp rebound in Tesla’s stock price, which has surged more than 14% this year.
Tesla’s recent performance played a key role in Musk’s fortune leap. On a single day, Tesla shares rose 3.3%, adding over $6 billion to Musk’s net worth. Analysts attribute the jump partly to Musk’s own decision to purchase $1 billion worth of Tesla stock, signaling strong confidence in the company’s long-term prospects. Tesla’s current stock price stands at $456.99 as of October 2, 2025, reflecting only a minor dip from its recent highs.
Beyond Tesla, Musk’s wealth is significantly fueled by his other ventures. SpaceX, Musk’s privately held aerospace company, is valued at approximately $400 billion. This valuation reflects the company’s growing success in commercial spaceflight, satellite internet, and ongoing missions to expand space exploration. Musk’s artificial intelligence company, xAI, is also contributing heavily to his fortune, with a valuation nearing $75 billion, reflecting its rapid advancements and growing influence in the AI sector.
Musk’s $500 billion milestone underscores his enormous influence in technology, transportation, and space exploration. No other individual in history has reached this level of personal wealth, making Musk’s achievement a landmark moment in global economics. His fortune now surpasses the GDP of many small nations, highlighting not only his success but the extraordinary concentration of wealth among a handful of tech entrepreneurs.
While Musk has repeatedly stressed that his ventures aim to push humanity toward a multi-planetary future, critics point to growing concerns over wealth inequality and the social responsibilities of billionaires. Musk, however, has defended his investments as critical to advancing technology, sustainability, and human progress.
This historic achievement places Musk in an unparalleled position of influence, with Tesla, SpaceX, and xAI poised to continue shaping industries for years to come.
