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Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessElon Musk Now Worth $500 Billion, The First Person Ever- Forbes (12304 Views)

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Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by DiamondsAreFore(op): 9:05am On Oct 02, 2025

https://www.youtube.com/watch?v=Oa0CqAEgHeo?si=2udZ6qEToWZYtZ9V

Musk is now half-way to becoming the first ever trillionaire.

Elon Musk achieved yet another major milestone Wednesday, becoming the first ever person worth $500 billion. The richest person on the planet is now worth $500 billion, as of 3:30 pm Eastern, per Forbes’ Real-Time Billionaires tracker. Musk, who became the first person ever worth $400 billion or more in December, is $150 billion ahead of runner-up Larry Ellison—and half-way to becoming the world’s first trillionaire.

Shares of Tesla climbed by nearly 4% Wednesday, adding an estimated $9.3 billion to Musk’s fortune, as investors continue to celebrate the prospect of a refocused Musk. The EV maker’s stock price has nearly doubled since Musk first announced on the company’s April earnings call that he would be stepping back from his role as head of President Trump’s Department of Government Efficiency (DOGE) to spend more time on Tesla. With Tesla’s market cap back within 10% of the all-time high it hit in December, Musk’s 12% stake in the company is now worth $191 billion.

And that’s excluding performance-based Tesla stock options from Musk’s 2018 CEO compensation package that would be worth $133 billion today if the award hadn’t been voided by a Delaware judge in January 2024. Forbes has discounted the value of those options by 50% pending the outcome of Musk’s ongoing appeal of the ruling to the Delaware Supreme Court. Meanwhile, in September, Tesla’s board proposed a new, record-breaking pay package that could give Musk additional stock worth up to $1 trillion (before taxes and the cost of unlocking the restricted shares) if Tesla achieves “Mars-shot” performance milestones like growing its market cap more than eightfold over the 10-year life of the award.

Tesla isn’t the only company Musk has to thank for his half-trillion-dollar fortune. His rocket maker SpaceX, which he founded in 2002, is now worth $400 billion based on a private tender offer in August, up from $350 billion last December. Musk owns an estimated 42% stake in SpaceX worth $168 billion. And then there’s xAI Holdings, which Musk formed in March, when he merged his new artificial intelligence company xAI with the social media company he acquired in 2022, X (formerly Twitter), in a deal that valued the combined company at $113 billion. Musk owns an estimated 53% stake in xAI Holdings worth $60 billion.

Hitting the $500 billion net worth mark is just the latest in a series of milestones Musk has achieved over the past half decade. Worth just $24.6 billion in March 2020, soaring Tesla shares made him the fifth person ever worth $100 billion, in August 2020. He became the world’s richest person for the first time in January 2021, with a nearly $190 billion net worth. Then, in September 2021, he became the third person ever worth $200 billion (after Amazon’s Jeff Bezos and Frenchman Bernard Arnault of luxury goods conglomerate LVMH). Musk went on to hit $300 billion in November 2021 and $400 billion in December 2024.

If he keeps up that pace, Musk could become the world’s first trillionaire before March 2033, when the first of two vesting dates for his $1 trillion Tesla pay package hits. But according to Musk, that award isn’t about the money anyway.

“It’s not about ‘compensation’, but about me having enough influence over Tesla to ensure safety if we build millions of robots,” Musk wrote in a September X post. “If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.”
https://www.forbes.com/sites/mattdurot/2025/10/01/elon-musk-just-became-the-first-person-ever-worth-500-billion/?utm_campaign=ForbesMainTwitter&utm_source=ForbesMainTwitter&utm_medium=social

Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Depriest2020: 9:29am On Oct 02, 2025
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by CodeTemplarr: 9:32am On Oct 02, 2025
Thank God for God. He cannot eat a full elephant or even a full chicken. At last he takes same size in the couch as his $100 neighbour.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by CodeTemplarr: 9:33am On Oct 02, 2025
Depriest2020:
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
can you come up with 1% of his output?
If yes, you are on track.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by KiNg0G: 9:58am On Oct 02, 2025
Some of us are just born not to make it...I have accepted that a long time ago
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by toprealman: 10:00am On Oct 02, 2025
Meanwhile somewhere in Africa, someone is cooking this up

Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by OnyeObowo1: 10:00am On Oct 02, 2025
Wetin de pain me be say.. one day he will die and leave all these..
Na where God is not man..
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by SmartPolician: 10:00am On Oct 02, 2025
Congratulations to Elon Musk!
I am coming to meet you!
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Hypnotise:
President of money na water association. And this Elon Musk no get two head oo just one. Oluwa, where my own raba?
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by King2305: 10:01am On Oct 02, 2025
Depriest2020:
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
You are very greedy cheesy

1% is $5billion

All I need is 0.5% which is $500M 🤲
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by AfroRemoteJobs: 10:02am On Oct 02, 2025
The More People You Empower, The More Money You Have.

Law Of Nature!

Leverage On Empowering People.

Create Systems That Empowers People - On Automations.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by AdolfHitlerxXx: 10:02am On Oct 02, 2025
No amount of money rituals will make you reach this target. grin

If you like ... Use all the people in the 5 states of SE grin
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Leonardo4(m): 10:02am On Oct 02, 2025
Depriest2020:
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
You too greedy. A whole 5 Billion dollars...
That's way too much you asking for
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Ezeama400: 10:03am On Oct 02, 2025
KiNg0G:
Some of us are just born not to make it...I have accepted that a long time ago
This is a very bad quote !!

Say Heaven forbids !!

Cxxcccc
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by deanoffaculty:
Depriest2020:
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
I just realized this morning that Elon Musk is my uncle. It's time to reconnect back with him again. His dad is a brother to my Father's uncle.
😂 😂 😂
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by nurez305(m): 10:04am On Oct 02, 2025
Depriest2020:
All I ever needed was just 1% of Elon Musk net worth and I will be alright.
0.01% is enough for anyone to leave a better life till death

Hahahahahahaha
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by casdoruche: 10:05am On Oct 02, 2025
AdolfHitlerxXx:
No amount of money rituals will make you reach this target. grin

If you like ... Use all the people in the 5 states of SE grin
lol

We know the scull Mainers ar from sw.

Even if they mine the scull of all the traditional rulers they won’t get half of 0.01 percent
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by tunary(m): 10:05am On Oct 02, 2025
This is so amazing.

This 40 characters no make sense abge. It's a foolish idea. Zzzzzzzzzzz
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by NothingDoMe: 10:07am On Oct 02, 2025
Shey dey said somebody wanted to overtake him? Baba nor gree. 😄😄😄😄😁

Also anti-Trump peeps will wail at this because according to them, Musk' business has been boycotted all over the world and was on the road to becoming poor because of Trump.

Lmao.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by AdolfHitlerxXx: 10:09am On Oct 02, 2025
casdoruche:
lol

We know the scull Mainers ar from sw.

Even if they mine the scull of all the traditional rulers they won’t get half of 0.01 percent
The thing pepper you small. We all know the Okija shrine people grin
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Nwaikpe: 10:09am On Oct 02, 2025
When you associate yourself with Israel, America, and all the good people of the world, this will be your natural result.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by IykeChukz(m): 10:10am On Oct 02, 2025
Great Man.
Congratulations.
Please know God and know peace...

We are mere mortals!!!

Regards...
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by killsmith(f): 10:10am On Oct 02, 2025
"All wealth is the aggregation of stolen labour"....Karl marx.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by casdoruche: 10:11am On Oct 02, 2025
AdolfHitlerxXx:
The thing pepper you small. We all know the Okija shrine people grin
lol

If you ask 10 fraudsters where the baba and soap is from

If Ogun, Ibadan, ilorin alfas, or Ife Omo no be fraudsters be that.

Ladies and teenagers are not safe because people are looking for organs to pound into soap in sw

These people make soap from humans even the soap that breathe

Ikorodu Ogijo
Sagam
Ibadan
Infact if you have border as a state to Ogun state you are in for kidnappers for rituals
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by killsmith(f): 10:13am On Oct 02, 2025
AfroRemoteJobs:
The More People You Empower, The More Money You Have.

Law Of Nature!

Leverage On Empowering People.

Create Systems That Empowers People - On Automations.
Lmao.
The wealth belongs to the people working in his factories but he shortpays them and aggregate the surplus of their labour.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by free2ryhme: 10:15am On Oct 02, 2025
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Emeskhalifa(m): 10:22am On Oct 02, 2025
King2305:
You are very greedy cheesy

1% is $5billion

All I need is 0.5% which is $500M 🤲
You are greedy too

Oluwa all I need is $100M from Musk's money
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by killsmith(f): 10:22am On Oct 02, 2025
OnyeObowo1:
Wetin de pain me be say.. one day he will die and leave all these..
Na where God is not man..
Lmao. This religious people sef.
Is transhumanism a joke to you?
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by Cruzmaster: 10:25am On Oct 02, 2025
King2305:
You are very greedy cheesy

1% is $5billion

All I need is 0.5% which is $500M 🤲
You are even greedy. 0.2 is okay by me 😂😂😂 Me no greedy oo 🤣
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by eepeepook: 10:29am On Oct 02, 2025
All thanks to inflation. Not surprising nor congratulatory.
Re: Elon Musk Now Worth $500 Billion, The First Person Ever- Forbes by azpekuliar: 10:32am On Oct 02, 2025
The man is oncourse to becoming the worlds first trillionaire just by solving problems that governments are incapable of solving.
1 2 3 Reply

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