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Elon Musk Becomes First Person Valued at $500 Billion, Forbes Says

Forbes’ real-time tally crossed the mark after a Tesla rally, with other wealth indices reporting lower totals.

Overview

  • Tesla shares rose nearly 4% on Wednesday, adding roughly $9.3 billion to Musk’s fortune and pushing his Forbes-tracked net worth past $500 billion around 3:30 p.m. ET.
  • Forbes estimates place the value of Musk’s stakes at about $191 billion for 12% of Tesla, $168 billion for 42% of SpaceX, and $60 billion for a majority position in xAI.
  • Methodologies diverge across trackers, with the Bloomberg Billionaires Indexting MuskMusk at about $459 billion on the same day.
  • Forbes partially excludes value from Musk’s 2018 Tesla options after a Delaware judge voided the award, applying a 50% discount pending his appeal to the state’s Supreme Court.
  • Tesla’s board has proposed a compensation plan potentially worth up to $1 trillion in stock, a contingent award tied to ambitious long-term milestones that some projections say could begin vesting in 2033.