TLDR
- Elon Musk’s net worth surged from $24.6B in March 2020 to $500B in October 2025.
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Musk’s wealth now exceeds Larry Ellison’s by $150 billion, solidifying his position as the wealthiest person.
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Musk’s wealth growth is largely driven by Tesla, SpaceX, and xAI.
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Musk could become the world’s first trillionaire by 2033 based on his current growth trajectory.
Elon Musk has made history by becoming the first person ever to surpass a net worth of $500 billion. The Tesla and SpaceX CEO reached this unprecedented milestone on October 1, 2025, when his fortune crossed the half-trillion mark around 3:30 p.m. ET, according to Forbes. This makes Musk the wealthiest individual in the world, with a lead of about $150 billion over Oracle co-founder Larry Ellison, the second-richest person.
Musk’s wealth has grown dramatically, especially since March 2020, when it was valued at $24.6 billion. In just over five years, Musk’s fortune has skyrocketed, breaking several major financial milestones. In late 2020, he crossed $100 billion; in 2021, $200 billion; and by 2024, his wealth hit $400 billion. This rapid growth continues, with Musk now standing as the first person ever to break the $500 billion barrier.
Elon Musk Wealth Driven by Tesla, SpaceX, and xAI
A large portion of Musk’s net worth is tied to his holdings in Tesla and SpaceX. Tesla’s stock price has seen significant increases, especially in 2025, adding substantial value to Musk’s fortune.
His 12% stake in the electric vehicle company is currently valued at approximately $191 billion, accounting for a major portion of his wealth. Tesla’s market cap is within 10% of its all-time high, indicating strong investor confidence in the company’s long-term prospects.
Musk’s other major asset, SpaceX, is valued at approximately $400 billion, contributing an estimated $168 billion to his total net worth. Additionally, Musk owns a controlling stake in xAI Holdings, a company valued at around $60 billion. These assets, combined with his focus on artificial intelligence and cutting-edge technology, have positioned Musk as a key figure in both the automotive and aerospace industries.
Road to $1 Trillion: Musk’s Future Plans
At his current pace, Musk could become the first trillionaire in history. According to Forbes, if Tesla’s proposed $1 trillion compensation package begins vesting as planned, Musk could see his wealth reach that monumental figure by 2033.
Tesla’s compensation plan would grant Musk up to 12% of Tesla’s stock if the automaker reaches aggressive targets, such as a market cap of $8.5 trillion and other operational goals over the next decade.
This compensation package, one of the largest in history, underscores Musk’s long-term vision for both Tesla and his broader business interests. While his wealth has seen impressive gains in recent years, Musk’s future earnings are closely tied to the performance of Tesla, SpaceX, and other ventures, including his work with artificial intelligence.
Musk’s Wealth Surpasses Rivals by Significant Margins
Musk’s $500 billion net worth places him far ahead of other tech billionaires, including Amazon founder Jeff Bezos and Facebook creator Mark Zuckerberg. As of now, Musk’s fortune is roughly $150 billion ahead of Oracle’s Larry Ellison, who holds the second spot.
His wealth is now greater than the combined net worths of both Zuckerberg and Bezos, two of the world’s wealthiest individuals.
Tesla’s soaring stock price has played a key role in propelling Musk to this new height. The company’s success has been a significant driver of Musk’s wealth, and his substantial stake in the electric vehicle giant remains a key factor in maintaining his lead at the top of the world’s wealth rankings.
