Elon Musk, CEO of Tesla, the giant electric car manufacturer, has become the first person in history to approach a net worth of $500 billion, according to Forbes’ billionaire index.

Musk’s net worth reached $499.5 billion as of 3:43 PM Eastern Time on Wednesday, October 1, 2025, placing him on the brink of a world record.

Musk’s wealth mainly depends on his shares in Tesla and SpaceX, but his holdings also include the social media platform X, the AI development company X.AI, and Neuralink, which is working on brain-computer interfaces to support the human brain.

This historic leap reflects the massive growth Musk’s companies have achieved over recent years, especially with Tesla’s global market expansion and SpaceX’s success in space exploration projects.

The leap highlights Musk’s ability to combine technological innovation with smart investment, making him a pivotal figure in both business and technology worlds.

Experts consider this figure exceptional in terms of individual wealth, as no one has ever reached this level before, reflecting not only his personal success but also the significant impact of his companies on the global economy and advanced technology markets.