How Musk Built His $500B Fortune
The tech entrepreneur's unprecedented wealth comes from three major holdings:
- Tesla: Musk owns 12% of the electric vehicle giant, valued at over $1.5 trillion. Tesla shares have surged 13% since the start of the year.
- SpaceX: He holds a 42% stake in the aerospace company, which is reportedly seeking a valuation of $400 billion.
- xAI: His artificial intelligence venture was valued at $75 billion in July.
Brief Challenge to Top Position
In September, Larry Ellison, Oracle co-founder, briefly surpassed Musk as the world's richest person before Musk reclaimed the title.
This milestone solidifies Musk's position as not just the wealthiest person alive, but the first to cross the half-trillion-dollar threshold—a testament to his diverse portfolio in electric vehicles, space exploration, and artificial intelligence.
