Elon Musk's Net Worth Tops $500 Billion for First Time
Elon Musk's wealth has reached unprecedented heights. On Sept. 10, his net worth briefly touched $500 billion, making him the first person to achieve this milestone. This came as Tesla stock soared, boosting Musk's fortune.
Musk's wealth surge was short-lived, however, as his net worth closed at $499.1 billion. Earlier in the day, Larry Ellison briefly surpassed Musk's wealth when Oracle's stock skyrocketed. Despite this, Musk remains at the top of Forbes' Real-Time Billionaires list, followed by Ellison, Mark Zuckerberg, and Jeff Bezos.
Musk's investment in Tesla played a significant role in his wealth growth. He poured about $1 billion through a trust into the company, causing share prices to jump by $30 in a single day. Meanwhile, Tesla stock and Musk's other companies have been on a remarkable upward trajectory, with Tesla reaching an all-time peak.
The Tesla board has proposed a pay package worth nearly $1 trillion for Musk, pending approval. Despite the temporary dip, Musk's net worth remains staggering, reflecting his success in the tech and automotive industries. His investment in Tesla continues to drive his wealth and the company's stock value.
