On Wednesday, October 1, 2025, Tesla CEO Elon Musk grew to become the primary particular person in historical past to realize a web price of practically $500 billion. | Picture credit score: Reuters
On Wednesday (October 1, 2025), Tesla CEO Elon Musk grew to become the primary to succeed in practically $500 billion in web price, which spiked the rebound in EV firm inventory and valuations of different startups from high-tech entrepreneurs.
Musk’s web price was $499.5 billion as of three:555 PM ET, in line with Forbes Billionaire Index.
Tesla shares are driving Musk’s web price enhance. Shares have grown greater than 14% up to now this yr, up practically 4% on Wednesday (October 1, 2025), including greater than $7 billion to their web price.
The Tesla Committee final month proposed Musk a $1 trillion compensation plan, highlighting the holds he has in opposition to automakers seeking to rework into an AI and robotics powerhouse.
Oracle founder Larry Ellison tracked Musk because the second richest particular person on Forbes’ checklist, incomes a web price of round $351.5 billion as of Wednesday (October 1, 2025).
