Elon musk has become the first person to reach a network a network of $ 500bn, brings the Tesla Chief Executive Halfway to Trillionaire Status.
Musk’s Wealth Temporaryly crossed the half-trillion mark on Wednsday Before retreating to $ 499bn, according to the forbes billionaires list.
Musk Owns 12% of Tesla, which is worth more than $ 1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.
The 54-year-old’s other businesses include the Rockt Company Spacex, which was recently reported to be seeking a $ 400bn valuation, and xai, an artificial intelligent intelligence $ 75bn as of July, according to data from pitchbook. Musk Owns A 42% Stake in Spacex.
Tesla Shares Fell early this year, Hit by a combination of the competitive threat from chinese rivals, Falling sales and doubts over musk’s focus on the company, amid distracts from finds and history Tempestuous Relationship with Donald Trump. Musk’s Vocal Support for Trump and Expression of Righting Political Views on X, The Social Media Platform He Owns, Have ALSO ALESO ALESO ALESO DAMADED TESLA SALES, ACCORDING to Analysts.
However, Tesla Shares Climbed By 70% Over the last six months as investment improved on musk brings his focus back to his companies. They are now 13% higher since the start of 2025.
The Tesla Board Chair, Robyn Denholm, Said Last Month Musk Was Back “Front and Center” at the Company after Several Months at the White House.
Days Later, Musk Disclosed His Purchase of About $ 1bn Worth of the Shares in a Hug Vote of Confidence for the future of Tesla as it Races to Transition from An Automaker to An Ai and Robotics Power.
The Tesla Board Last Month Proposed A $ 1TN Compensation Plan for Musk, Setting out Lofty Financial and Operational Targets for the Ceo While also also also addresses his demands for a bigger stake in the company.
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Musk’s position at the top of the wealth league has nontheless been shaky over the past month. In September Larry Ellion, Co-Founder of the Business Software Firm Oracle, Briefly Overtook Musk as the World’s Richest Person, According to Bloomberg’s’S Billionaires Index-A RVAL THE FORORES List.
Bloomberg now has musk way ahead of elllison but it calculates the Tesla Boss’s Wealth as Being $ 470BN, Compared with Ellion’s $ 349BN.
