Elon Musk Becomes The World’s Richest Man Again, Here’s How Much He’s Worth

CEO of Tesla Elon Musk is once again the world’s richest man.

A new report by Forbes has revealed Elon Musk has topped the world’s richest person list after briefly being dethroned by Oracle CEO Larry Ellison earlier in the month.

Musk is now worth $500 billion and is the first person ever to reach the mark.

The Hill reported more on how Musk’s net worth boosted to nearly half a trillion dollars:

Tech mogul Elon Musk became the first person to achieve a net worth of $500 billion Wednesday, briefly touching the half-trillion-dollar milestone before dipping back down, according to Forbes.

The Tesla and SpaceX CEO crossed the $500 billion mark Wednesday afternoon on Forbes’s Real-Time Billionaires tracker. As of Thursday morning, he sat at $499.1 billion.

Musk is nearly $150 billion richer than his closest peer, Oracle co-founder Larry Ellison. Ellison briefly overtook Musk as the world’s richest person earlier this month, as his cloud company saw its stock soar on strong quarterly results.

Musk’s wealth is closely tied to Tesla’s performance, both of which fluctuated significantly over the past year. His net worth soared in late last 2024, as the electric vehicle maker’s stock rose on the assumption that his companies would benefit from Musk’s close relationship with President Trump.

However, Tesla’s value tumbled when Musk took on the highly controversial role leading the Department of Government Efficiency, bringing his net worth down with it. Both have recovered since the billionaire left the White House and returned his attention to his companies.

After several quarters of weak sales, Tesla saw a bump in the third quarter, with deliveries up 7.4 percent from last year, according to new data released Thursday. The company delivered 497,099 vehicles in the three-month period from July to September.

ROCKET POWER: Elon Musk’s wealth skyrocketed from $24.6 billion in March 2020 to $500 billion, putting him about $150 billion ahead of the world’s second-richest person, Oracle co-founder Larry Ellison. Musk could become the world’s first trillionaire by 2033. pic.twitter.com/bIjcqQ39ZI

— Fox News (@FoxNews) October 2, 2025

CNN reported earlier in the month that a package from Tesla being offered to Musk may make him the first person ever to reach a trillion dollars:

Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker.

The package would grant him additional shares of Tesla stock if the company is able to grow far beyond its current value, with a market capitalization far greater than any company has ever approached. Musk’s previous pay package, which added significantly to his massive wealth, also laid out ambitious growth plans that once appeared to be a reach – but which Tesla proved able to reach easily.

ADVERTISEMENT

The new pay package could grant Musk 423.7 million additional shares of Tesla stock. Those shares would be be worth $143.5 billion at today’s stock value.

But Musk would get those shares only if the value of Tesla stock increases significantly in coming years. The company stock would need to reach an overall value of $8.5 trillion for Musk to get all the shares, significantly above the current market capitalization of $1.1 trillion