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Read it and weep: Elon Musk’s obscene wealth breaks new ground

Elizabeth Knight Business columnist October 2, 2025 — 3.36pm

We hit a bizarre milestone this week as the fortune of one individual tipped close to half a trillion US dollars (or $756 billion Australian). It’s a staggering sum of money and it lines the coffers of an entrepreneur who is a deity to some and evil incarnate by others.

The entrepreneur is Elon Musk, who was once celebrated as a paragon of innovation but is now widely derided as a grotesque symbol of tech excess.

At $US500 billion, Musk’s net worth (according to Forbes rich list ) also illustrates the breakneck speed at which the tech oligarchs are amassing wealth.

Few would have imagined even five year

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