New York: Elon Musk has made history by becoming the first individual ever to hit a net worth of $500 billion. The Tesla and SpaceX chief reached the milestone around 3:30 p.m. ET, putting him about $150 billion ahead of Oracle co-founder Larry Ellison, the world’s second-richest person, according to a report by Fox Business

Musk’s wealth has grown at a staggering pace over the past five years. From $24.6 billion in March 2020, his fortune surged past $100 billion by late 2020, crossed $200 billion in 2021, reached $400 billion in 2024, and has now climbed to half a trillion in 2025. The surge was fueled largely by Tesla’s stock, which gained nearly 4% on the day of the milestone, adding roughly $9.3 billion to his fortune. Tesla’s market capitalization is now approaching its all-time hi

See Full Page