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Polybius

(20,931 posts)
Sat Oct 4, 2025, 11:05 AM 3 hrs ago

Musk hits $500 billion milestone as Tesla, SpaceX, xAI valuations rise

Source: Malaysa Sun

AUSTIN, Texas: Tesla CEO Elon Musk this week became the first person in history to amass a net worth of US$500 billion, according to Forbes, fueled by a rebound in Tesla shares and soaring valuations of his other ventures this year.

Forbes' billionaires index pegged Musk's wealth at $500.1 billion as of 4:15 p.m. ET, putting him well ahead of the world's most affluent peers. Oracle founder Larry Ellison was the second-richest on the list, with a fortune of $350.7 billion.

Musk's wealth is tied largely to Tesla, where he held a 12.4 percent stake as of mid-September. Tesla shares have climbed more than 14 percent this year, including a 3.3 percent gain that added over $6 billion to Musk's personal fortune.

The surge comes after Tesla's rocky start to 2025, when slowing car sales and shrinking margins weighed heavily on the stock, leaving it one of the weakest performers among the "Magnificent Seven" group of mega-cap technology companies. Investor sentiment began improving in late summer as Musk renewed his focus on his companies after months spent in Washington.

Read more: https://www.malaysiasun.com/news/278614240/elon-musk-becomes-first-person-to-reach-usd500-billion-net-worth



Tesla shares up 14 percent this year. I wish I had bookmarks from earlier in the year when some posters were predicting Tesla's demise.
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Fiendish Thingy

(20,883 posts)
1. Of course, the US dollar has dropped something like 15% against other currencies this year
Sat Oct 4, 2025, 11:18 AM
3 hrs ago

So it’s more of symbolic number, not really meaningful.

I wonder what Musk’s 2024 vs 2025 net worth is measured in Euros?

FoxNewsSucks

(11,334 posts)
2. Here's a meaningful number:
Sat Oct 4, 2025, 01:12 PM
1 hr ago

If one could go back to the end of the last Ice Age, and save $10,000 every day, eighty-two thousand years later one would STILL only have 60% as much money as Musk.

And some people still don't think he should pay taxes.

Ziggysmom

(3,920 posts)
3. Just think of the good that could be accomplished if that money was even partly
Sat Oct 4, 2025, 01:50 PM
48 min ago

used to help people. Makes me sad and angry at the same time.

LudwigPastorius

(13,513 posts)
4. If you stacked a billion one dollar bills into a pile that was 48 X 40 feet,...
Sat Oct 4, 2025, 02:22 PM
17 min ago

it would be 46 feet high.


If you stacked Elon Musk's wealth in one dollar bills into a pile that was 48 X 40 feet, it would be 23,100 high...or about the height of Aconcagua, the highest mountain in the Americas.

slightlv

(6,631 posts)
5. I know this is anathema... almost heresy... to say in this country,
Sat Oct 4, 2025, 02:29 PM
10 min ago

but I think we should mandate a livable minimum wage and a liveable maximum wage. We used to do this through the progressive tax rates. It's a concept whose time has come back around again, exponentially. I don't want to thwart creativity, but really intelligent and/or creative people don't need to make such enormous sums of money (when stacked against their employees), like the people on the level of Musk, Theil, and others do today. The accomplishment and betterment of humanity should be the ultimate goal, not trillions of dollars, while everyone around them starves. I guess that's why I always wanted to live in a Star Trek world. (sigh)

LudwigPastorius

(13,513 posts)
6. I think we'll start to see a real push for a universal basic income when AI starts to take the jobs of...
Sat Oct 4, 2025, 02:38 PM
58 sec ago

white collar workers and mid-level management.

So, we've got that going for us...right up to the point when a superintelligent AI decides we're not needed at all.

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