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.

Fiendish Thingy
(20,883 posts)So its more of symbolic number, not really meaningful.
I wonder what Musks 2024 vs 2025 net worth is measured in Euros?
FoxNewsSucks
(11,334 posts)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)used to help people. Makes me sad and angry at the same time.
LudwigPastorius
(13,513 posts)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)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)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.