Published: Oct 02, 2025, 18:06 IST | Updated: Oct 02, 2025, 18:06 IST
Elon Musk's net worth surged to $500 billion, making him the first person in history to reach this milestone. This was primarily driven by a rebound in Tesla's shares and the increasing valuations of his AI startup xAI and rocket company SpaceX. The Tesla board also proposed a $1 trillion compensation plan for Musk.