Elon Musk creates history! Tesla boss becomes first person ever to hit net worth of $500 billion
As of 7:17 IST, Elon Musk's net worth stood at $499.1 billion, the Forbes list showed. As per Bloomberg Billionaires Index, the net worth of Elon Musk at the time of writing this article was $470 billion.
Tesla CEO Elon Musk on Wednesday became the first person in history to reach a net worth of $500 billion, according to Forbes Real-Time Billionaires.
As of 9:52 pm ET, Forbes recorded Elon Musk's net worth at $499.1 billion, driven by a rebound in Tesla shares and the rising valuations of his other ventures. Bloomberg Billionaires Index listed Elon Musk's wealth at $470 billion at the time of writing this article.
As per a Reuters report quoting Forbes Real-Time Billionaires, Elon Musk had a net worth of $500.1 billion as of 4:15 pm ET.
Elon Musk fortune
Elon Musk's $500 billion net worth is closely tied to his stake in Tesla, where he holds over 12.4% shares as of 15 September 2025.
Tesla has had a strong run since the beginning of the year, despite some setbacks.
Tesla stock price has risen by over 14% this year, closing 3.3% higher on Wednesday, adding more than $6 billion to Musk's net worth.
After a turbulent start to the year, investor sentiment has improved following Musk's renewed focus on Tesla. Board chair Robyn Denholm said last month that Musk is now back "front and center" at the company after several months at the White House.
Days later, Musk disclosed his purchase of about $1 billion worth of Tesla shares, in a huge vote of confidence in the EV giant, as it pivots towards AI and robotics.
Apart from Tesla, Musk's AI firm xAI and rocket company SpaceX have also seen a valuation surge this year, boosting his wealth.
Top 10 richest billionaires in the world
Here is a list of the top 10 wealthiest billionaires in the world, as per Forbes Real Time Billionaires:
- Elon Musk (Tesla, SpaceX) – $499.1 billion
- Larry Ellison (Oracle) – $350.7 billion
- Mark Zuckerberg (Facebook) – $245.8 billion
- Jeff Bezos (Amazon) – $233.5 billion
- Larry Page (Google) – $203.7 billion
- Sergey Brin (Google) – $189.0 billion
- Jensen Huang (Nvidia) – $162.6 billion
- Bernard Arnault & family (LVMH) – $160.6 billion
- Steve Ballmer (Microsoft) – $156.4 billion
- Warren Buffett (Berkshire Hathaway) – $148.5 billion
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