Elon Musk Becomes First Person to Hit $500 Billion Fortune
Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, has made history by becoming the first person to amass a fortune of $500 billion, according to Forbes. Musk's wealth has grown significantly in recent years, driven by his political activities and business ventures.
Musk's political involvement in 2025 sparked a backlash that temporarily affected Tesla's stock price. However, he stepped down from his political role in May 2025, allowing him to focus more on Tesla. This shift led to a recovery in the company's stock price, which has since doubled since March 2025.
The Tesla board has offered Musk a new pay deal worth up to $1 trillion over the next decade, contingent on meeting specific targets. Musk owns 12% of Tesla, which has a market capitalization of over $1 trillion. His stake in the company has significantly contributed to his wealth.
In addition to Tesla, Musk owns several other successful companies, including SpaceX, The Boring Company, and Neuralink. He is also the founder and owner of xAI, a £150 billion-valued AI company that develops products like the chatbot Grok. Musk briefly lost his title as the world's richest person to Larry Ellison in 2025 but quickly reclaimed the top spot.
Elon Musk's wealth has reached an unprecedented $500 billion, making him the first person to achieve this milestone. His political activities and business ventures, including Tesla and xAI, have driven his remarkable success. With his net worth halfway to becoming the world's first trillionaire, Musk continues to make history in the business world.
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