Oct 2, 2025, 5:00 PM GMT+1 Share this: Elon Musk is officially not only the richest person in the world, but seemingly the richest in human history. Per Forbes, the Tesla CEO becomes the first ever person to have their net worth hit half a trillion, aka $500 billion. And according to their Billionaires Tracker list, it puts him a staggering $150 billion above his closest competitor, Oracle CTO Larry Ellison and his $350 billion. He is now halfway to becoming the world's first ever trillionaire, with his wealth hitting that high on Wednesday, October 1, when Tesla's stock climbed up by 4%. His net worth has hit all-time highs over the past few months, ever since he stepped down as an advisor to the Trump administration following a very public falling out with the President (although they seemingly patched things up at the funeral of right-wing influencer Charlie Kirk last month). Stock prices for Tesla have gone up in recent months, with his 12% stake worth an estimated $191 billion. It isn't just Tesla pulling its weight for the controversial entrepreneur, though, as his holdings and ownership stakes in his other ventures have equally contributed to his now sky-high net worth. Let's do some digging… Tesla While Elon, 54, does not earn any salary as the CEO of Tesla, which he has been backing since 2004, a majority of his wealth comes through his ownership of 12% of Tesla stock. In 2018, he also created a lucrative bonus package as CEO that would entitle him to an additional 1% stake each time the company's market value grew by $50 billion. Recommended video