Elon Musk's Wealth Surges to $500 Billion, On Track to Become World's First Trillionaire
Elon Musk's wealth has surged significantly, with a substantial portion tied to his stakes in SpaceX and xAI Holdings. His fortune has grown over 20 times in the past five years, reaching approximately $500 billion by the end of October 1.
Musk's wealth expansion was boosted by a 4% rise in Tesla stock on October 1, adding around $9.3 billion to his fortune. This growth follows his purchase of 2.57 million Tesla shares worth approximately $1 billion in September. His current net worth is largely due to his holdings in Tesla and SpaceX, with SpaceX valued at around $168 billion.
Musk's rapid wealth accumulation has placed him on track to become the world's first trillionaire by 2033, if Tesla meets certain conditions. He previously became the world's wealthiest person in 2021 and the first to surpass $400 billion in 2024.
Elon Musk's wealth continues to grow at a staggering pace, with his net worth reaching approximately $500 billion. His investments in innovative companies like Tesla and SpaceX have driven this growth, and he is poised to become the world's first trillionaire in the coming decade.
