Billionaire Elon Musk, the world’s richest man, is now halfway to becoming the first trillionaire, according to Forbes.
The Tesla and SpaceX CEO briefly hit a net worth of $500.1 billion on Wednesday before it dipped slightly to $499.1 billion, as tracked by Forbes’ Real-Time Billionaires list. The milestone comes amid a rebound in Tesla’s stock following Musk’s controversial political ventures and steady gains across his businesses.
Musk, 54, leads the global rich list, ahead of Oracle’s Larry Ellison, valued at $350.7 billion, and Meta’s Mark Zuckerberg, with $245.8 billion.
After studying at the University of Pennsylvania and dropping out of Stanford, Musk made his first millions by selling an online publishing software company to Compaq for over $300 million in 1999. He went on to co-found what became PayPal, and later established SpaceX in 2002 before joining Tesla in 2004 as chairman.
What you should know
Elon Musk, CEO of Tesla and founder of SpaceX, has become the first person to reach a net worth of $500 billion, marking a major milestone in global wealth history.
His fortune has been driven by Tesla’s stock rebound, SpaceX’s rising valuation, and his influence in the tech, energy, and space industries. Musk’s journey from selling his first company to Compaq in 1999 to leading groundbreaking ventures like SpaceX and Tesla highlights his long-standing vision for innovation.
As his businesses continue expanding, many analysts believe Musk could soon become the world’s first trillionaire.
