{"id":22638,"date":"2025-10-02T20:22:55","date_gmt":"2025-10-03T00:22:55","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/10\/02\/musk-becomes-first-person-ever-to-see-wealth-top-500bn\/"},"modified":"2025-10-02T20:22:55","modified_gmt":"2025-10-03T00:22:55","slug":"musk-becomes-first-person-ever-to-see-wealth-top-500bn","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/10\/02\/musk-becomes-first-person-ever-to-see-wealth-top-500bn\/","title":{"rendered":"Musk becomes first person ever to see wealth top $500bn"},"content":{"rendered":"
\n

<\/p>\n

Peter Hoskins<\/span>Business reporter<\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

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Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), as the value of the electric car company and his other businesses have risen this year.<\/p>\n

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. <\/p>\n

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.<\/p>\n

The milestone further cements Musk’s status as the world’s richest person, well ahead of rivals in the global tech sector.<\/p>\n<\/div>\n

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According to Forbes’ billionaires index, Oracle founder Larry Ellison is the world’s second richest person, with a fortune of about $350.7bn.<\/p>\n

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.<\/p>\n

Musk’s huge wealth is closely tied to his more than 12% stake in Tesla, which has seen its shares rise sharply this year. <\/p>\n

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.<\/p>\n

The company’s shares have been making gains in recent months as investors welcome Musk focusing more time on his companies rather than politics.<\/p>\n

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.<\/p>\n

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.<\/p>\n

The chair of Tesla’s board, Robyn Denholm, said in September that Musk was now “front and centre” at the carmaker.<\/p>\n

The company’s board also said Musk could receive a pay package worth over $1tn if he hits a list of ambitious targets over the next decade.<\/p>\n

To get the package he would need to boost Tesla’s value eightfold, sell a million AI robots, sell another 12 million Tesla cars, and hit several other goals.<\/p>\n

Also last month, Musk announced that he had bought about $1bn worth of Tesla shares in what has been seen by some investors as a vote of confidence in the firm.<\/p>\n

Tesla has faced a number of challenges in recent years, including tough competition from rival electric car makers such as China’s BYD.<\/p>\n

The company is also in the process of transitioning into an AI and robotics business.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter HoskinsBusiness reporter Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), 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 […]<\/p>\n","protected":false},"author":1,"featured_media":22639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,21,20],"tags":[],"class_list":["post-22638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-market","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/22638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=22638"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/22638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/22639"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=22638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=22638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=22638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}