Tesla CEO Elon Musk on Wednesday, October 1, 2025, turned the first person in historical past to obtain a net value of practically $500 billion.
| Photo Credit: Reuters
Tesla CEO Elon Musk on Wednesday (October 1, 2025) turned the first person in historical past to obtain a net value of practically $500 billion, propelled by a rebound within the EV firm’s shares and surging valuations of the tech entrepreneur’s different startups.
Mr. Musk’s net value stood at $499.5 billion as of three:55 p.m. E.T., in accordance to Forbes’ billionaires index.
Tesla inventory has been driving the rise in Mr. Musk’s net value. The shares have risen greater than 14% to this point this 12 months and climbed practically 4% on Wednesday (October 1, 2025), including greater than $7 billion to his net value.
The Tesla board final month proposed a $1 trillion compensation plan for Mr. Musk, underscoring the maintain he has over the carmaker because it makes an attempt to remodel into an AI and robotics powerhouse.
Oracle founder Larry Ellison follows Mr. Musk because the second richest person on Forbes’ list, with a net value of about $351.5 billion as of Wednesday (October 1, 2025).
Published – October 02, 2025 02:55 am IST