Elon Musk has reportedly become the first person ever to reach a net worth of $500 billion.
As of October 1, the prolific entrepreneur’s fortune reached the milestone figure, placing him ahead of Oracle co-founder Larry Ellison, the world’s second-richest person, by roughly $150 billion.
The CEO of Tesla, SpaceX, and xAI has seen his net worth climb from $24.6 billion in March 2020 to $100 billion later that year, $200 billion in 2021, $400 billion last year, and now half a trillion dollars in 2025, according to Forbes.
And he may not be done yet.
Remarkably, a Tesla board proposed a record-breaking pay package that could see the prolific CEO’s wealth climb substantially higher, to a staggering $1 trillion.
“It’s not about ‘compensation’, but about me having enough influence over Tesla to ensure safety if we build millions of robots,” Musk posted on his social media platform X on September 23.
“If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future,” Musk added.
While the recent milestone is an impressive feat, the status could be short-lived, depending on the movement of Tesla’s share price. So far this year, however, the EV maker’s stock price has risen by over 14%. On October 1 alone, Tesla jumped almost 4%, adding roughly $7 billion to Musk’s net worth and helping him secure the landmark net worth.