Particle.news

Download on the App Store

Forbes Briefly Puts Elon Musk Above $500 Billion Before Revising Lower

Real-time calculations tied to Tesla’s rally produced the jump, with other lists pegging his wealth lower.

Overview

  • Forbes’ real-time list showed Musk crossing $500 billion on Oct. 1 before updating his estimate to about $499.1 billion, placing him roughly $150 billion ahead of Oracle cofounder Larry Ellison at that moment.
  • Bloomberg’s concurrent estimate was about $470 billion, highlighting wide discrepancies that stem from differing methods and the use of modeled values for private holdings.
  • Forbes-cited figures attribute most of Musk’s wealth to stakes in Tesla and SpaceX, including roughly 12% of Tesla valued at $191 billion and 42% of SpaceX at $168 billion, plus an estimated $60 billion from his xAI stake.
  • A roughly 4% rise in Tesla’s share price during the session added about $9 billion to Musk’s real-time net-worth tally.
  • Tesla’s board has proposed a multi-year equity award that could be worth up to about $1 trillion if aggressive milestones are met, with shareholders set to vote on the plan in November.