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Musk becomes first person to hit $500 billion net worth, Forbes list shows

Elon Musk’s net worth reached $500 billion driven by a 14% Tesla stock rise this year and soaring valuations of SpaceX and xAI, making him the richest person ever.

  • Elon Musk became the first person in history to achieve a net worth of nearly $500 billion on October 1, 2025, according to Forbes.
  • His net worth was $499.1 billion, influenced by a rise in Tesla's stock price.
  • Larry Ellison follows Musk as the second richest person, with a net worth of about $351.5 billion, as reported by Forbes.
  • Tesla stock increased more than 14% in 2025, adding over $7 billion to Musk's net worth.
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Elon Musk became the first person in history to reach a net worth of $500 billion on Wednesday, Forbes magazine, which has maintained a real-time billionaire tracker for years, reported.

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Forbes broke the news in United States on Wednesday, October 1, 2025.
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