Elon Musk breaks the $500 billion mark: he's the first person to reach $500 billion, according to Forbes.

Elon Musk has once again rewritten global wealth records, making history as the first individual in the world to reach a net worth of $ 500 billion . This extraordinary achievement, certified by Forbes estimates, reflects not only the success of Tesla and his other companies, but also the growing impact of technology and innovation on the global economy.

Musk Makes History: Compensation Packages and Future Ambitions

In addition to growing his net worth, Musk remains at the center of negotiations over Tesla's compensation package . The company is seeking investor approval for a plan that could be worth up to $1 trillion , tied to achieving extremely ambitious goals over the next ten years.

The CEO emphasized that these plans are not simply compensation, but a tool to maintain control and guide the company towards futuristic projects, such as the production of millions of robots and expansion into new markets.

Musk Makes History: Record Net Worth of $500 Billion

The South African tycoon , already known for surpassing $400 billion in December 2024 , is now $150 billion ahead of second-place finisher Larry Ellison, founder of Oracle. Musk's wealth peaked at $500.1 billion on Wednesday afternoon , before settling just above $499 billion, thanks primarily to the rising value of Tesla shares and his other holdings. In addition to the car company, SpaceX and its new holding company xAI have also contributed significantly to the entrepreneur's wealth.

According to Forbes data, Musk owns approximately 12% of Tesla, 42% of SpaceX , and more than half of xAI Holdings , created by the combination of xAI and the X platform. Tesla's recent growth, with global deliveries increasing 7.4% in the third quarter, has fueled the rise in both the stock and the CEO's net worth. The boost has also been aided by government incentives for electric vehicles in the United States and the doubling of the company's energy storage capacity.

Analysts and observers point out that, if the growth trajectory continues, Musk could become the first trillionaire by 2033 , further cementing his position as the richest man on the planet.