Elon Musk has become the first person in history to reach a net worth of $500 billion, following a major rebound in Tesla’s market performance.
The Tesla and SpaceX CEO, who also owns X (formerly Twitter) and AI startup xAI, saw his fortune climb as Tesla’s stock value surged by about 14% this year. The increase pushed his wealth to $499.1 billion, after briefly crossing the $500 billion mark.
The boost in Musk’s fortune is largely tied to Tesla’s market recovery. The company’s shares, which started the year at $427.90 before dropping to $220.67 amid controversy over Musk’s short-lived government role, have since rebounded sharply. His return to Tesla’s leadership in May restored investor confidence, driving up stock prices.
Musk’s wealth is spread across several ventures, including SpaceX, xAI, and Neuralink, all valued in the billions. Analysts predict that if his financial growth continues, Musk could become the world’s first trillionaire within a few years.
To illustrate his immense wealth, Musk’s $500 billion fortune would rank as the 31st largest economy in the world—just below Austria but ahead of Norway and Malaysia. It is also 35 times greater than the combined market value of all Premier League clubs and ten times more than the Louvre Museum’s estimated worth.
While Musk continues to dominate global wealth rankings, competition in the tech world remains fierce. Rival firm Science Corporation recently announced a breakthrough in neurotechnology—a brain-computer interface capable of restoring partial vision through an eye chip called PRIMA, with successful clinical trials conducted across multiple global sites.
For now, however, Elon Musk stands alone at the top—marking yet another milestone in his unprecedented journey of innovation and wealth creation.
