Elon Musk's Net Worth Tops $500 Billion for First Time

Musk's wealth has grown significantly in 2025. Find out what's driving his record-breaking fortune.

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2025 October 3 . 4:43 AM

1 min read

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Elon Musk's Net Worth Tops $500 Billion for First Time

Elon Musk's net worth has surged past $500 billion, making him the first person to reach this milestone. His wealth has grown significantly in 2025, boosted by a 14% increase in Tesla stock price and the soaring valuations of his other startups.

Tesla stock has had a volatile start to the year but has climbed due to investor optimism. Musk's confidence in the company is evident, as he recently bought approximately $1 billion worth of Tesla shares. This purchase has driven the stock higher and signals his belief in the company's future. Tesla's market valuation currently stands at around one trillion US dollars, with ambitions to grow towards 8.5 trillion within the next decade.

Musk's wealth is heavily tied to Tesla, where he owns over a 12.4% stake. However, his net worth has also been bolstered by his other ventures. His artificial intelligence startup, xAI, was valued at $75 billion as of July 2025. Meanwhile, SpaceX, his rocket company, is planning to raise funds and sell insider shares in a deal valuing the company at approximately $400 billion.

Tesla is shifting its focus from being just an automaker to becoming a leader in AI and robotics. This strategic shift, coupled with Musk's continued involvement in the company, has contributed to his net worth growth in 2025.

Elon Musk's net worth has surpassed $500 billion, driven by the increase in Tesla stock price and the soaring valuations of his other startups. With Tesla's market valuation around one trillion US dollars and ambitions to grow significantly, and Musk's continued involvement in the company, his wealth is expected to continue to rise.