Elon Musk Net Worth: is an American entrepreneur and CEO of Tesla, SpaceX, X (formerly Twitter), and the Department of Government Efficiency (DOGE). As of October 1, 2025, he became the first person in history to reach a net worth of $500 billion. This milestone was driven by a resurgence in Tesla’s stock price and strong valuations for his other companies, including xAI and SpaceX. Musk holds a 12.4% stake in Tesla, which saw a 3.3% gain on the day of the announcement, adding over $6 billion to his wealth.
Family and Love Life
Elon Musk was born on June 28, 1971, in Pretoria, South Africa, to a Canadian mother and a South African father. He has been married three times and has several children. Musk is known for his private personal life, though he has occasionally shared glimpses through social media and public appearances.
Elon Musk Net Worth
As of October 1, 2025, Elon Musk’s net worth is estimated at $500.1 billion. This makes him the wealthiest person in the world, surpassing Oracle co-founder Larry Ellison, who is in second place with a net worth of about $350.7 billion.
Success Journey
Musk’s journey to becoming the world’s richest person began with his ventures in the tech industry. He co-founded Zip2, an online city guide, which was sold to Compaq for nearly $300 million. He then founded X.com, which later became PayPal and was sold to eBay for $1.5 billion. Musk used the proceeds to fund his next ventures: SpaceX, Tesla, and SolarCity. Over the years, he has revolutionized multiple industries, including electric vehicles, space travel, and renewable energy.
Income Sources
Musk’s primary sources of income come from his ownership stakes in Tesla, SpaceX, and xAI. Tesla’s stock price has seen significant gains, contributing to his wealth. SpaceX is reportedly targeting a $400 billion valuation, and xAI had a valuation of $75 billion in July 2025. Additionally, Musk’s ventures into artificial intelligence and other technologies continue to generate substantial revenue.
Conclusion
Elon Musk’s ascent to a net worth of $500 billion is a testament to his vision, innovation, and risk-taking. His impact on various industries continues to shape the future, and his wealth reflects the success of his endeavors. As he continues to push the boundaries of technology and business, Musk remains a central figure in the global economic landscape.
