Highlights:
- Musk’s net worth briefly crossed $500.1 billion, the first in history.
- Growth driven by Tesla, xAI, and SpaceX valuations.
- Oracle’s Larry Ellison remains second with $350.7 billion.
- Tesla shares rose over 20% this year.
- Musk could get a $1 trillion pay package if long-term targets are met.
Musk Reaches Historic Milestone
Elon Musk, CEO of Tesla, has become the first person in history to have a net worth of over $500 billion. According to Forbes’ Billionaire Index, his fortune briefly touched $500.1 billion on Wednesday afternoon (New York local time) before settling slightly above $499 billion by the end of the day.
Success of Tesla, xAI, and SpaceX
Musk’s wealth has surged due to the rising value of Tesla, his AI startup xAI, and rocket company SpaceX in recent months. This historic milestone makes Musk’s position as the world’s richest man even stronger, leaving other tech giants far behind.
“১০০ দিনে তৈরি করুন নিজের ডিজিটাল মার্কেটিং ক্যারিয়ার “
Larry Ellison in Second Place
Forbes reported that Oracle founder Larry Ellison is currently the second richest person, with an estimated net worth of $350.7 billion. Last month, Ellison briefly overtook Musk when Oracle’s stock price jumped over 40%, fuelled by strong growth in cloud infrastructure and AI contracts.
Tesla Share Growth Strengthens Musk’s Wealth
A large portion of Musk’s wealth comes from his 12% stake in Tesla. This year alone, Tesla’s stock price has jumped over 20%. On Wednesday, the stock closed with a 3.3% increase, further boosting Musk’s fortune.
Investors have also welcomed Musk’s decision to focus more on his companies rather than politics, which has improved market confidence in Tesla and his other businesses.
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Musk’s Potential $1 Trillion Pay Package
Tesla’s board has revealed that Musk could earn a salary package worth over $1 trillion in the next decade if he meets several ambitious targets.
These goals include:
- Growing Tesla’s value eight times higher.
- Selling 10 million more Tesla cars.
- Delivering 1 million AI-powered robots.
Musk’s Confidence in Tesla
Last month, Musk bought nearly $1 billion worth of Tesla shares, which many investors see as a strong signal of confidence in the company’s future.
Source: Reuters
