Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Elon Musk makes history as first person ever to hit $500B net worth milestone: report
Business

Elon Musk makes history as first person ever to hit $500B net worth milestone: report

Buddy DoyleBy Buddy DoyleOctober 1, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Elon Musk makes history as first person ever to hit 0B net worth milestone: report
Share
Facebook Twitter LinkedIn Pinterest Email

Elon Musk on Wednesday reportedly became the first person in history with a net worth of $500 billion.

The Tesla and SpaceX CEO’s fortune crossed the half-trillion mark around 3:30 p.m. ET, putting him about $150 billion ahead of Oracle co-founder Larry Ellison, the world’s second-richest person, Forbes reported.

Musk’s wealth has skyrocketed from $24.6 billion in March 2020 to a series of milestones: $100 billion by late 2020, $200 billion in 2021 and $400 billion in 2024, before reaching $500 billion this week. 

At his current pace, Musk could become the world’s first trillionaire by 2033, when Tesla’s proposed $1 trillion compensation package begins vesting, Forbes reported.

ELON MUSK PLEDGES RETURN TO ’24/7′ WORK AT HIS FIRMS AFTER WIDESPREAD X OUTAGE

“It’s not about ‘compensation’, but about me having enough influence over Tesla to ensure safety if we build millions of robots,” Musk said in an X post in September. “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.”

THESE ARE THE BIGGEST MOVES ELON MUSK MADE WHILE RUNNING DOGE

Tesla stock rose nearly 4% Wednesday, adding about $9.3 billion to Musk’s fortune. The stock has nearly doubled since April, when Musk announced he would step back from his role leading President Trump’s Department of Government Efficiency (DOGE) to refocus on the EV maker, Forbes reported.

Tesla Palo Alto California

Tesla’s market cap is now within 10% of its all-time high, with Musk’s 12% stake valued at $191 billion. SpaceX, valued at $400 billion, contributes an estimated $168 billion to Musk’s net worth. Musk also controls a majority stake in xAI Holdings, valued at roughly $60 billion, according to Forbes.

TESLA EARNINGS FALL SHORT; ELON MUSK SAYS DOGE TIME WILL ‘DROP SIGNIFICANTLY’

Last month, Tesla’s board of directors proposed a new compensation plan for Musk worth a potential $1 trillion, marking what would be the largest pay package for an executive in history.

WASHINGTON, DC - FEBRUARY 03: Oracle co-founder, CTO and Executive Chairman Larry Ellison listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on February 03, 2025 in Washington, DC. After signing a series of executive orders and proclamations, Trump spoke to reporters about a range of topics including recent negotiations with Mexico on tarriffs. (Photo by Anna Moneymaker/Getty Images)

The board’s proposal would give Musk up to 12% of Tesla’s stock, worth about $1 trillion, if the automaker hits aggressive targets such as a market capitalization of $8.5 trillion and other operational milestones over a 10-year period.

Tesla did not immediately respond to FOX Business’ request for comment. 

FOX Business’ Daniella Genovese contributed to this report.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleEXCLUSIVE: Rep Nancy Mace heads to Clemson in wake of Kirk assassination: ‘We won’t be silenced’
Next Article TOP 5 BEST POCKET PISTOL REVIEWS 2021

Related Articles

Google teams up with energy giant to revive a long-shuttered nuclear plant

Google teams up with energy giant to revive a long-shuttered nuclear plant

October 27, 2025
Costco issues recall alert for wagon over child safety risk

Costco issues recall alert for wagon over child safety risk

October 27, 2025
Oil executives predict 2026 price ‘low point’ as Permian Basin ramps up production capacity

Oil executives predict 2026 price ‘low point’ as Permian Basin ramps up production capacity

October 27, 2025
Lululemon partners with NFL to launch officially licensed apparel for all 32 teams

Lululemon partners with NFL to launch officially licensed apparel for all 32 teams

October 27, 2025
Federal Reserve faces dilemma amid expected rate cut decision

Federal Reserve faces dilemma amid expected rate cut decision

October 27, 2025
Neutrogena makeup wipes recalled across four states after bacteria found in product testing

Neutrogena makeup wipes recalled across four states after bacteria found in product testing

October 27, 2025
Major US airports face ground stops and flight delays amid ongoing government shutdown

Major US airports face ground stops and flight delays amid ongoing government shutdown

October 26, 2025
Hormel recalls 4.9M pounds of chicken possibly ‘contaminated with pieces of metal’

Hormel recalls 4.9M pounds of chicken possibly ‘contaminated with pieces of metal’

October 26, 2025
See inside JPMorgan’s new B global headquarters in New York City

See inside JPMorgan’s new $3B global headquarters in New York City

October 26, 2025
Don't Miss
Google teams up with energy giant to revive a long-shuttered nuclear plant

Google teams up with energy giant to revive a long-shuttered nuclear plant

Virginia, New Jersey governor races could shift government shutdown calculus

Virginia, New Jersey governor races could shift government shutdown calculus

Meta AI edits your camera roll for better Facebook posts

Meta AI edits your camera roll for better Facebook posts

SMALLEST But DEADLIEST GUNS for Bug Out Bag & Home Defense

SMALLEST But DEADLIEST GUNS for Bug Out Bag & Home Defense

Latest News
Trump admin warns 42 million Americans could lose food stamps as shutdown drags on

Trump admin warns 42 million Americans could lose food stamps as shutdown drags on

October 27, 2025
Suspect with lengthy rap sheet arrested for alleged Pam Bondi ‘murder-for-hire’ scheme: FBI

Suspect with lengthy rap sheet arrested for alleged Pam Bondi ‘murder-for-hire’ scheme: FBI

October 27, 2025
The BEST 2011 Pistol for 2024? Watch this NOW!

The BEST 2011 Pistol for 2024? Watch this NOW!

October 27, 2025
Trump Says U.S. And Russia Are “Not Playing Games” With Each Other

Trump Says U.S. And Russia Are “Not Playing Games” With Each Other

October 27, 2025
The 160th SOAR “Night Stalkers”

The 160th SOAR “Night Stalkers”

October 27, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.