Elon Musk made history on Wednesday, becoming the first person in the world with a net worth of $500 billion, according to Forbes’ real-time billionaire tracker.
The milestone comes as Tesla shares rose 4%, adding roughly $9.3 billion to Musk’s fortune.
His wealth surge is also fueled by stakes in SpaceX, valued at $168 billion, and AI company xAI/X, valued at $60 billion.
Musk first crossed the $400 billion mark in December 2024 and has seen his wealth skyrocket from just $24.6 billion in March 2020.
Analysts say he could become the world’s first trillionaire by 2033, largely due to Tesla’s ambitious new compensation plan, which could grant him up to $1 trillion in stock if major company targets are met.
Despite the staggering numbers, Musk emphasizes that his focus isn’t on personal wealth, but on maintaining control over Tesla and guiding its future projects, including robotics.
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