Tesla chief Elon Musk makes history as the first individual to surpass $500 billion net worth, redefining global wealth.
Elon Musk has officially redefined the boundaries of personal wealth, becoming the first human in history to cross the staggering $500 billion mark.
According to Forbes’s Billionaire Index, Musk’s fortune soared to $500.1 billion by 4:15 p.m. ET on October 1, driven by a sharp rebound in Tesla stock and surging valuations of his other ventures, including SpaceX, Neuralink, and xAI.
The milestone cements Musk’s status not just as the world’s richest person, but as the only individual ever to achieve half a trillion dollars in personal wealth. His nearest rival, Oracle founder Larry Ellison, trails significantly with a net worth of $350.7 billion—a gap of nearly $150 billion.
Analysts note that Musk’s financial empire is fueled by bold innovation across multiple industries: electric vehicles, space exploration, artificial intelligence, and satellite communications. Supporters hail him as the architect of a new technological era, while critics question the concentration of such massive wealth in one individual’s hands.
For Musk, however, the milestone is less about numbers and more about ambition. With projects like Mars colonization and AI-driven breakthroughs on the horizon, the half-trillionaire shows no signs of slowing down.
