Elon Musk, the world’s richest person, briefly crossed the $500 billion net worth milestone, according to Forbes. This achievement puts him halfway to becoming the planet’s first trillionaire.
Forbes’ Real-Time Billionaires tracker reported that Musk’s fortune hit $500.1 billion before dipping slightly to $499.1 billion by the end of the day. The increase in wealth followed a rebound in Tesla shares after months of political controversies and market setbacks.
Musk’s growth highlights his dominance in both the electric vehicle and space sectors. As the CEO of Tesla and SpaceX, he has transformed multiple industries while remaining at the top of the global billionaire rankings.
Trailing far behind Elon Musk on the Forbes list is Larry Ellison, co-founder of Oracle, with a net worth of $350.7 billion. Meta CEO Mark Zuckerberg follows with $245.8 billion, leaving Musk with a lead of over $150 billion. This gap underscores his unprecedented position in the billionaire race.
Born in South Africa, Elon Musk moved to the U.S. to study at the University of Pennsylvania and briefly enrolled at Stanford University. He left Stanford to pursue entrepreneurship, earning his first millions in 1999 by selling his online publishing company to Compaq for over $300 million.
Musk later co-founded what became PayPal before launching SpaceX in 2002 and joining Tesla in 2004. His ventures have cemented him as one of the most influential figures in technology, shaping industries from finance to space exploration and electric vehicles.
As Elon Musk continues to lead Tesla, SpaceX, and other projects, experts are closely watching his journey toward becoming the world’s first trillionaire. His net worth milestone marks a significant moment in global wealth history and highlights the impact of his ventures on modern industries.
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