Tesla CEO Elon Musk made history on October 1, 2025, by becoming the first individual ever to achieve a net worth of nearly $500 billion. His fortune reached $499.5 billion, according to Forbes’ billionaires index, driven by a rebound in Tesla shares and rising valuations of his other technology ventures.
Tesla Stock Drives Wealth Surge
Tesla stock has been a major contributor to Musk’s wealth growth, climbing over 14% this year and rising nearly 4% on October 1 alone, which added more than $7 billion to his net worth.
Major Compensation Plan
Last month, Tesla’s board proposed a $1 trillion compensation plan for Musk, reflecting his pivotal role in guiding the company as it expands into AI and robotics technologies.
Global Wealth Rankings
Following Musk, Oracle founder Larry Ellison ranks as the second richest person in the world, with a net worth of approximately $351.5 billion as of October 1, 2025.
