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Posted on 10/01/2025 4:50:07 PM PDT by SmokingJoe
Oct 1 (Reuters) - Tesla (TSLA.O), opens new tab CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company's shares and surging valuations of the tech entrepreneur's other startups this year. His net worth stood at $500.1 billion as of 4:15 p.m. E.T., according to Forbes' billionaires index.
Musk's fortunes are tied closely to Tesla, where he held a more than 12.4% stake as of September 15. The stock has risen more than 14% so far this year and closed 3.3% higher on Wednesday, adding more than $6 billion to Musk's net worth.
(Excerpt) Read more at reuters.com ...
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HOORAY Elon!
Nice.
And Larry Ellison passed $400 billion earlier this week. Oracle is zooming up on its AI plays.
Does anybody begrudge their success and fortunes?
We are doing well. More power to then and their incredible jobs engines! They create REAL jobs that make REAL things unlike the parasites in DC and NOVA.
Too much cheddar for this mouse. I’d go a bit crazy.
The race to be the first trillionaire is on!
Musk wins that race easy.
How much of his wealth came from subsidies from American taxpayers?
I got close once bringing bag lunches. But peanut butter got old.
Tesla has been very good to me recently. I just wish I could have bought more when I did buy.
Good for Elon - nice having our own Thomas Edison/
Nikola Tesla in our time...
Larry Ellison is 81 years old.
Elon Musk is 54 years old.
Way to go, Elon!
Very!
Several years ago our son talked us into adding TESLA to our stock portfolio. Up and down but now life is good and the stock is close to $500/share.
Several years ago our son talked us into adding TESLA to our stock portfolio. Up and down but now life is good and the stock is close to $500/share.
I know what you mean.
I can;t even imagine how much a trillion $$$$ is. Could spend an entire lifetime counting that high.
I’m still working on getting to $500. 😎
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