Musk becomes first person to hit $500 billion net worth, Forbes list shows
Published on: Oct. 2, 2025, 7:14 a.m. | Source: The Economic Times
Elon Musk's net worth surged to nearly $500 billion, making him the first person in history to reach this milestone. This was primarily driven by a rebound in Tesla's shares and the increasing valuations of his AI startup xAI and rocket company SpaceX. The Tesla board also proposed a $1 trillion compensation plan for Musk.
