Posted on 10/02/2025 7:21:38 PM PDT by SeekAndFind
Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (£370.9bn), as the value of the electric car company and his other businesses have risen this year.
The tech magnate's net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping slightly to just over $499bn later in the day, the Forbes billionaires index reported.
Alongside Tesla, valuations of his other ventures, including the artificial intelligence start-up xAI and rocket company SpaceX, have also reportedly climbed in recent months.
The milestone further cements Musk's status as the world's richest person, well ahead of rivals in the global tech sector.
According to Forbes' billionaires index, Oracle founder Larry Ellison is the world's second richest person, with a fortune of about $350.7bn.
Mr Ellison briefly overtook Musk last month after shares in Oracle soared by more than 40%, boosted by the firm's surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals.
Musk's huge wealth is closely tied to his more than 12% stake in Tesla, which has seen its shares rise sharply this year.
Tesla shares were more than 3.3% higher at the end of New York trading on Wednesday and have now risen by over 20% this year.
The company's shares have been making gains in recent months as investors welcome Musk focusing more time on his companies rather than politics.
He faced criticism earlier this year over his work with the Trump administration's Department of Government Efficiency (DOGE), the body tasked with reducing US government spending and cutting jobs.
Musk, who also owns the X social media platform, has also been vocal about his views on issues such as immigration and diversity, equity, and inclusion (DEI) programmes.
(Excerpt) Read more at bbc.com ...
His net worth is almost 2% of the entire US GDP.....DAM%!
Since I adore the man, I’ll cheer for every new dollar he puts in his pocket. May his riches just increase.
Man I just HAAAAAAATE it when that happens.
Trillionaires not in company stocks, but cash and precious metals.
Their expenditures have been building mosques in the US & Europe which they have been doing for decades.
I am surprised that Tesla stock was able to rebound after the left declared war on Elon and the value dropped by more than half. Now it is almost back up to its previous highs. Elon 1... Lefty idiots 0...
Elon Musk came to America in 1995, and became a citizen in 2002. Since then, he has been just a little busy. Whether or not he fulfills his desire to “pass away on Mars” he has used freedom, and the free enterprise system, to revolution several industries. His goal of preserving consciousness by making humans multi-planetary will be one of his most important accomplishments. Yes, yes, I realize that in the overall picture, it is in God’s hands. I do not pretend to know His plan, and we must use His gifts to the best of our abilities.
It’s surprising, the amount. Even with all he’s done.
Agreed.
The leftists must be mortified. Vandalizing Tesla in order to hurt Elon Musk hurt them more than it did him. Karma I suppose.
And he doesn’t piss it away on megs yachts and rap.
Elon is happy, and so am I. My most favorite holdings in stock are making me happy, Tesla and Oracle. Musk or Ellison, doesn't matter which gets richer, their companies are doing fine.
That man doesn't pocket the money, he uses it to fund new enterprises to help mankind. Someday Neuralink may dwarf his other companies. Unfortunately private, might IPO someday. Then what else will he create?
Musk is going to be the world’s first trillionaire by 2030. probably sooner.
It is theoretical money (stocks) - if he did cash all of it out, it would be lower.
But he’s not in it for the money, he seems to just enjoy the thrill of creating new stuff
He couldn’t have done it without the tremendous help from the “F” bomb dropping, Molotov Cocktail Throwing, Old Lady stompin’, Tesla dealership burning, Tesla vehicle trashing, Dumbschitz like Sheryl Crowbait retards lending a helping hand. Way to go RETARDS!
In 2024, a Tesla model was the second largest selling vehicle in the whole world. A Toyota model was number one with the greatest number of sales.
John D. Rockefeller was worth 1 billion in 1905. He made several billion more over the next few years. Gold is now worth 110 times, in fiat currency, than it was in 1973.
My hat is off to John D.!!
So how much would John Rockefeller have been worth today?
IF HE IS SMART ENOUGH TO HAVE THIS KIND OF WORTH-—
HE IS WELL QUALIFIED TO TRIM WASTE IN THE FEDERAL GOVERNMENT
He earned it more power to him he’s blessed with a good mind.
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