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

Tesla CEO Elon Musk connected Wednesday (October 1, 2025) became the archetypal idiosyncratic successful past to execute a nett worthy of astir $500 billion, propelled by a rebound successful the EV company's shares and surging valuations of the tech entrepreneur's different startups.

Mr. Musk's nett worthy stood astatine $499.5 cardinal arsenic of 3:55 p.m. E.T., according to Forbes' billionaires index.

Tesla banal has been driving the summation successful Mr. Musk's nett worth. The shares person risen much than 14% truthful acold this twelvemonth and climbed astir 4% connected Wednesday (October 1, 2025), adding much than $7 cardinal to his nett worth.

The Tesla committee past period projected a $1 trillion compensation program for Mr. Musk, underscoring the clasp helium has implicit the carmaker arsenic it attempts to alteration into an AI and robotics powerhouse.

Oracle laminitis Larry Ellison follows Mr. Musk arsenic the 2nd richest idiosyncratic connected Forbes' list, with a nett worthy of astir $351.5 cardinal arsenic of Wednesday (October 1, 2025).