1. Record-Breaking Wealth
- Elon Musk is the first billionaire to reach a net worth of $500.1 billion (Forbes, Oct 2025) .
- He is the now the richest person in the world, ahead of the second-richest, Larry Ellison , by approximately 150 billion.
- He had already reached the 400 billion threshold in December 2024.
2. Key Growth Engineers.
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The main sources of his wealth are his three companies:
- Tesla (Electric Vehicles & AI)
- SpaceX (Space Exploration)
- xAI (Artificial Intelligence)
3. Breakdown by Company
- Tesla:
- Musk owns a 12.4% stake .
- Stock increased 14% in 2025 and a 4% increase in a single day enriched him with an additional 9.3 billion dollars.
- When he resigned a government position in order to re-focus on Tesla, investor confidence increased.
- He himself invested $1 billion in Tesla shares indicating that he believed in its transition to AI and robotics .
- Its board suggested a compensation package that would make him a trillionaire in March 2033 , the first trillionaire in the world .
- SpaceX:
- It is estimated to be worth about 400 billion (as of July 2025).
- xAI:
- It was originally estimated to be worth 75 billion (July 2025), and could be 200 billion.
4. Significance
- The wealth of Musk highlights his superiority in disruptive industries: electric cars, space, and artificial intelligence.
- His path places him in a position to possibly become the first trillionaire in the world by 2033, this is because of the great market confidence in his companies.
Month: Current Affairs - October 05, 2025
Category: RANKING AND REPORTS