Tesla CEO Elon Musk is now the first person in history to achieve a net worth of nearly $500 billion. The world’s richest person is now worth $500.1 billion, according to Forbes’ Real-Time Billionaires tracker. Last December, he crossed $400 billion when he became the first person in history to do so.
The closely watched net worth of the South Africa-born billionaire Elon Musk saw a significant jump this week, illustrating the tight correlation between his personal fortune and the market performance of Tesla, Inc. On Wednesday alone, a 3.3% rise in the electric vehicle maker’s stock added over $6 billion to Musk’s net worth, underscoring the substantial leverage his significant stake provides.
Notably, Tesla board chair Robyn Denholm also said last month that Musk was back “front and centre” at the company after his brief tenure at the White House, where he worked as an adviser to US President Donald Trump and led the Department of Government Efficiency (DOGE).
What Led to the Surge in Elon Musk’s Net Worth
Earlier in September, Tesla’s board approved a new, record-breaking pay package that could give Musk additional stock worth up to $1 trillion if the company achieves “Mars-shot” performance targets, such as expanding its market capitalisation more than eightfold over the next decade.
While Musk’s ventures in other companies like SpaceX and X (formerly Twitter) contribute to his overall value, it is Tesla’s quarterly earnings, production targets, and stock performance that remain the primary engine of his immense fortune. Analysts continue to monitor the stock closely, understanding that Tesla’s trajectory is the clearest indicator of the billionaire’s financial momentum.
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