Brief by Shorts91 Newsdesk / 05:30am on 02 Oct 2025,Thursday International
Elon Musk made history Wednesday by becoming the first person ever to reach a net worth of $500 billion, according to Forbes' Real-Time Billionaires tracker. Tesla shares rose nearly 4% by 3:30 PM ET, boosting his fortune by $9.3 billion. His 12% Tesla stake is valued at $191 billion, while his 42% SpaceX stake is worth $168 billion based on a $400 billion company valuation. His AI venture xAI Holdings, formed by merging xAI with X (formerly Twitter), contributes $60 billion. Musk leads runner-up Larry Ellison by $150 billion and could become the world's first trillionaire by March 2033 according to current trajectory.
