Elon Musk has reached a new milestone by becoming the first person in history to achieve a net worth of $500 billion, according to Forbes. This historic feat was driven by a nearly 4% surge in Tesla shares, which added around $9.3 billion to his fortune in just one day.
A large portion of this immense wealth comes from his 12% stake in Tesla, valued at approximately $191 billion, as well as from his other companies, including SpaceX and xAI. In addition, Tesla’s board has proposed a compensation package that could add up to $1 trillion more to Musk’s fortune if certain long-term goals are met.
How far could his wealth go, and what challenges does he face?
While this achievement places Musk firmly at the top of global wealth rankings, the sustainability of his fortune will depend on market performance, the valuation of his companies, and potential regulatory hurdles. His ability to sustain growth will be crucial in shaping this new era of economic power.
