According to Fox Business, Elon Musk recently became the first person in history to reach a net worth of $500 billion. Fox Business
How He Got Here
- Musk’s wealth has been climbing fast. Back in March 2020, he was worth about $24.6 billion. Fox Business
- From there, he crossed key milestones:
  • $100 billion by late 2020 Fox Business
  • $200 billion in 2021 Fox Business
  • $400 billion in 2024 Fox Business - And now, in 2025, he’s hit $500 billion. Fox Business
As of the moment his net worth crossed the half-trillion mark (around 3:30 p.m. ET), he stood about $150 billion ahead of Larry Ellison, the next richest person. Fox Business
What’s Driving It
Multiple things are contributing to this jump:
- Tesla Stock Surge
- Tesla shares rose roughly 4% in one day, adding about $9.3 billion to Musk’s fortune. Fox Business
- Tesla’s market capitalization is now nearly back to its all-time high. Fox Business
- Other Assets
- Musk owns about 12% of Tesla, valued at ~$191 billion. Fox Business
- SpaceX is estimated at $400 billion; Musk’s share contributes ~$168 billion to his net worth. Fox Business
- He also controls xAI Holdings, valued around $60 billion. Fox Business
- A Massive Pay Package Proposal
- Tesla’s board proposed a compensation plan for Musk that could be worth $1 trillion if the company hits aggressive goals over 10 years. Fox Business
- This package could catapult his wealth even higher. Fox Business
Musk himself has said the plan isn’t just about money — he wants enough control in Tesla to ensure the company’s safety and direction. Fox Business
