Elon Musk becomes first person in history to be worth over $500 billion

Musk, the richest man in the world, is now worth an estimated $150 billion more than the world's second-richest man, Oracle co-founder and chief technology officer Larry Ellison.

By Misty Severi

Published: October 1, 2025 9:58pm

Tesla CEO and X owner Elon Musk on Wednesday became the first person in history to be worth $500 billion, according to Forbes' Real-Time Billionaires tracker.

The accomplishment, which comes less than a year after he became the first person to be worth over $400 billion, occurred after Tesla shares closed with a 4% boost, adding approximately $9.3 billion to Musk’s fortune, Forbes reported.

Musk, the richest man in the world, is now worth an estimated $150 billion more than the world's second-richest man, Oracle co-founder and chief technology officer Larry Ellison.

The wealth increase also comes after Musk stepped away from a prominent role in President Donald Trump's administration in order to refocus on Tesla and his other companies like SpaceX.

Musk has not publicly commented on the achievement so far.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.