Elon Musk has made history by becoming the first person ever to reach a net worth of $500 billion, according to the Bloomberg Billionaires Index. This milestone was achieved on December 18, 2024, marking a major achievement in his career. Musk, who is the CEO of Tesla and SpaceX, has accumulated this massive wealth mainly through his investments in these companies.
He owns around 13% of Tesla, and his 42% stake in SpaceX is valued at approximately $350 billion. Musk’s financial success is also closely tied to his compensation package from Tesla, which includes 304 million stock options.
These stock options, combined with the increasing value of Tesla, have played a major role in his growing fortune. In 2020, when Tesla became the world’s most valuable car maker, Musk’s wealth skyrocketed.
Since early 2021, Musk has held the title of the richest person in the world, and this new achievement of reaching a $500 billion net worth cements his position at the top.
His wealth has been largely fueled by his leadership in Tesla, which is known for its groundbreaking electric vehicles, and SpaceX, a private aerospace company that has revolutionized space travel.
Musk’s journey from a tech entrepreneur to the wealthiest individual on the planet highlights his exceptional business acumen and his significant impact on industries ranging from automotive to aerospace.
This achievement marks another milestone in Musk’s career, as he continues to shape the future of technology and innovation.
