Elon Musk has achieved yet one more historic milestone, turning into the primary individual in historical past to be value $500 billion, pushed by Tesla Inc.’s (NASDAQ:TSLA) inventory rally, SpaceX’s hovering valuations, and the rising worth of his AI enterprise, xAI Holdings.
Musk Crosses The Half-Trillion Mark
On Wednesday afternoon, Forbes’ Actual-Time Billionaires tracker listed Musk’s fortune at $500 billion, placing him $150 billion forward of Oracle Corp. (NYSE:ORCL) co-founder Larry Ellison.
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg adopted in third place with a web value of $245.8 billion.
On the time of writing, Forbes pegged his web value slightly below that at $499.1 billion, nonetheless marking the report.
Market commentator The Kobeissi Letter underscored the milestone, writing on X that “Elon Musk is now value greater than all however 19 public firms on the earth.”
For example, His web value exceeds the market capitalization of Johnson & Johnson (NYSE:JNJ) at $448.07 billion, Palantir Applied sciences Inc. (NASDAQ:PLTR) at $421.25 billion, and Alibaba Group Holding Ltd. (NYSE:BABA) at $435.83 billion.
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Tesla’s Function In Musk’s Wealth
Tesla shares climbed 3.31% on Wednesday and are up 21.14% year-to-date, propelling Musk’s fortune larger, in accordance with Benzinga Professional.
Since Musk introduced in April that he can be stepping away from his place as head of President Donald Trump’s Division of Authorities Effectivity, or DOGE, to focus extra on Tesla, the electrical car firm’s inventory has virtually doubled.
With Tesla’s market capitalization now inside 10% of its December all-time excessive, Musk’s 12% possession within the firm is valued at $191 billion.
Furthermore, whereas Musk’s 2018 compensation bundle, probably value $133 billion, was voided by a Delaware decide in 2024, the board has proposed a brand new pay plan that might be valued at as much as $1 trillion if bold efficiency targets are met.
Nonetheless, not everybody was impressed by this bundle. Final month, in his inaugural media interview, Pope Leo XIV condemned the extreme pay packages of company leaders, particularly focusing on Musk’s $1 trillion compensation plan.
Sen. Bernie Sanders (I-Vt.) described the bundle as deeply immoral and economically insane.
Tesla Board Chair Robyn Denholm defended the pay bundle as a reward for extraordinary achievements, whereas Morgan Stanley analyst Adam Jonas referred to as it a “whole lot” for buyers.
SpaceX And xAI Add Billions
Musk’s rocket firm, SpaceX, is now valued at $400 billion after an August personal tender supply. Musk’s 42% stake is value about $168 billion.
In the meantime, xAI Holdings, created when Musk merged his synthetic intelligence startup with X earlier this 12 months, is valued at $113 billion.
Musk May Turn out to be The First Trillionaire
In March 2020, Musk was value simply $24.6 billion. By August 2020, he had crossed the $100 billion threshold.
The tech mogul went on to turn into the world’s richest individual in January 2021, value $190 billion, earlier than hitting $300 billion later that 12 months.
He reached $400 billion in December 2024 and now $500 billion lower than a 12 months later.
If Musk maintains his present trajectory, analysts say he might turn into the world’s first trillionaire as early as the subsequent decade.
In keeping with Benzinga’s Edge Inventory Rankings, TSLA’s inventory momentum ranks within the 89th percentile, highlighting its efficiency relative to META and different business friends.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
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