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    ITNewspapersThe Economic Times

    Musk becomes first person to hit $500 billion net worth, Forbes list shows

    Binu Mathew
    By Binu MathewOctober 3, 2025

    Tesla CEO Elon Musk on Wednesday became the first person in history to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups.

    Musk’s net worth stood at $499.5 billion as of 3:55 p.m. E.T., according to Forbes’ billionaires index.

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