Overview

• Forbes briefly listed Elon Musk as the first person to reach an estimated $500 billion before trimming the figure to about $499.1 billion.
• A roughly 4% rise in Tesla shares on October 1 added about $9.3 billion to Musk’s fortune, with the stock closing up 3.31% that day.
• Musk temporarily overtook Oracle co-founder Larry Ellison for the top spot, though the leaderboard remains subject to swift reshuffles.
• Tesla shareholders are slated to vote on November 6 on a proposed long-term CEO compensation plan introduced in early September.
• Estimating Musk’s wealth is complicated by large stakes in private companies, with reported valuations including $400 billion for SpaceX and $113 billion for xAI Holdings.