Elon Musk just achieved another milestone … because he hit the halfway mark on his way to becoming the world’s first trillionaire. The tech mogul briefly achieved a net worth of $500 billion on Wednesday after Tesla stock climbed by almost 4%,…
Elon Musk just achieved another milestone … because he hit the halfway mark on his way to becoming the world’s first trillionaire. The tech mogul briefly achieved a net worth of $500 billion on Wednesday after Tesla stock climbed by almost 4%,…
Elon Musk just achieved another milestone … because he hit the halfway mark on his way to becoming the world’s first trillionaire.
The tech mogul briefly achieved a net worth of $500 billion on Wednesday after Tesla stock climbed by almost 4%, which shot an estimated $9.3 billion right into his pockets, Forbesreports. It’s currently dropped to $490.1 billion, according to Forbes’ Real-Time Billionaire Tracker.
And just in case you were wondering … he’s on track to become a trillionaire in 2033, when the first of two vesting dates for his proposed $1 trillion pay package from Tesla kicks off.
Elon’s new valuation puts him about $150 billion ahead of Larry Ellison, who briefly became the world’s richest man this past September, although Musk — the on-and-off friend of President Donald Trump — quickly reclaimed his spot.
The pay package was proposed by Tesla’s board members last month, and Elon’s set to nab 12% of the company’s stock as long as it hits certain targets, according to Fox Business.
The guy’s already got a 12% stake in Tesla, which is currently worth about $191 billion. It’s also worth mentioning the company’s stock has almost doubled since April, when Elon announced he’d be taking a step back from his DOGE role to focus on his work with the electric vehicle manufacturer.
Elon first hit $100 billion back in 2020 before making it to $400 billion in 2024 … and it doesn’t look like his bank account’s gonna be getting smaller anytime soon.