Elon Musk, CEO of Tesla and SpaceX, is edging closer to becoming the world’s first trillionaire, according to Forbes magazine. The 54-year-old briefly reached a net worth of $500.1 billion before it dipped slightly to $499.1 billion, as tracked by Forbes’ Real Time Billionaire Tracker.
Musk’s wealth surge follows a rebound in Tesla’s stock and other gains, including developments after his brief political involvement. His net worth briefly made him the first person to hit the $500 billion mark.
Forbes’ latest ranking places Musk at the top of the global billionaire list, followed by Oracle CEO Larry Ellison at $350.7 billion and Meta CEO Mark Zuckerberg at $245.8 billion.
The milestone highlights Musk’s dominant position in technology and space industries, reflecting the remarkable growth of his ventures over the past decade.
Analysts note that if Musk’s companies continue to perform strongly, he could achieve the historic trillionaire status in the near future, setting a new benchmark for individual wealth worldwide.
Musk’s trajectory underscores both the volatility and the immense potential of modern tech-driven fortunes, illustrating how global markets and innovation can rapidly reshape personal wealth rankings.
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