Overview

• Forbes’ tracker showed Musk’s fortune crossing $500 billion on Oct. 1 before it was reset to about $499.1 billion later in the day.
• A roughly 4% rise in Tesla’s stock that day lifted his estimated wealth by about $9 billion, according to the reporting.
• Forbes attributes about $191 billion to Musk’s stake of more than 12% in Tesla and approximately $168 billion to his roughly 42% holding in SpaceX.
• Musk disclosed about $1 billion in Tesla share purchases in mid-September, a move followed by an approximately 33% two-week rally in the stock.
• Forbes currently places him roughly $150 billion ahead of Oracle co-founder Larry Ellison, while cautioning that private assets make such estimates uncertain.