Elon Musk has achieved an unprecedented milestone, becoming the first individual to reach a net worth of $500 billion, as Tesla’s share price recovery and rising valuations of his other ventures deliver a boost to his wealth.
According to Forbes’ billionaire index, Musk’s fortune stood at $500.1 billion on Wednesday, a record attributed largely to his significant holding in Tesla, where he owned more than 12.4% of shares as of September 15. The electric vehicle manufacturer’s stock has climbed over 14% since the beginning of 2025, with shares ending Wednesday’s session 3.3% higher–a gain that added over $6 billion to Musk’s personal wealth.
Tesla’s share price momentum follows a volatile start to the year, but recent weeks have seen optimism return as Musk has redirected his focus to the company after an extended period in Washington, D.C., engaging with the new administration under President Donald Trump.
Musk recently demonstrated his confidence in Tesla’s long-term direction by purchasing roughly $1 billion in company shares, signaling his commitment as Tesla pivots toward accelerating growth in artificial intelligence and robotics.
Meanwhile, Musk’s other prominent ventures, including AI firm xAI and space exploration company SpaceX, have also seen their valuations increase in 2025, further underpinning his net worth gains.
