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Elon Musk is halfway towards becoming the world’s first trillionaire

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Elon Musk has reached a new milestone by becoming the first individual in history to achieve a net worth of $500 billion. ForbesReal-Time Billionaires tracker confirmed the record Wednesday afternoon after Tesla stock gained nearly 4%, adding an estimated $9.3 billion to Musk’s net worth in a single day. 

He now sits more than $150 billion ahead of Oracle co-founder Larry Ellison, whose net worth also stands at a very impressive $350 billion.

Tesla stock leads wealth surge

Musk’s fortune remains heavily tied to Tesla, which has rallied nearly 100% since April, when the CEO announced he would step back from outside roles to focus more on the EV maker. The company’s market capitalization is back within 10% of its all-time peak, lifting the value of Musk’s 12% stake to about $191 billion. 

Beyond this, his 2018 compensation package, which was rescinded by a Delaware judge last year but is still under appeal, could unlock additional stock worth more than $130 billion if reinstated, Forbes noted. Investors see Musk’s refocused leadership as a stabilizing force for Tesla as it pursues ambitious global growth. Tesla has also proposed a new compensation plan for Musk that could bring the company’s market cap to $8.5 trillion and add an additional $900 billion to the CEO’s net worth. 

SpaceX and xAI boost portfolio value

While Tesla drives much of his wealth, Musk’s stakes in SpaceX and xAI have added significant upside to his net worth. SpaceX, his private rocket company, recently hit a $400 billion valuation in a private tender offer, valuing Musk’s 42% stake at $168 billion. Meanwhile, xAI Holdings, which merged with social platform X earlier this year, is worth an estimated $113 billion, giving Musk another $60 billion on paper. 

These ventures, combined with Tesla’s resurgence, have pushed Musk’s net worth past the half-trillion-dollar mark and highlighted his reach across multiple industries, from clean energy to space, artificial intelligence, brain implants, and tunneling.

The post Elon Musk is halfway towards becoming the world’s first trillionaire appeared first on TESLARATI.


Source: https://www.teslarati.com/elon-musk-halfway-to-worlds-first-trillionaire/


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  • US Marine Fighting Tyranny

    Bullcrap.

    The worlds first “Trillionaires” have been around for over a century,… they are called the Rothschilds (and other JEEEEWW Bankers),… who made their vast fortunes through bribary, extortion, theft, collusion, and manufacturing global wars that needlessly murdered HUNDREDS OF MILLIONS of men, women and children.

    JD – US Marine: Funny How These Psycho-Jews Never Mention Who The Real Money Powers Are….

    .

  • kilroy

    Elon who was placed into his position and made his billions by selling the fake as fuck carbon credits to other inbred billionaires. Money from nothing. He made 90% of his money from selling NOTHING! Carbon credits really? That is the truth. Again how much harder can they all throw their middle middle finger at you before you get a clue.

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