Elon Musk Hits $500B Net Worth as Tesla Stock Rebounds

Elon Musk has become the first person to achieve a net worth of $500 billion, driven by a resurgence in Tesla's stock and the rising valuations of his other ventures. As of Wednesday afternoon, Forbes reported Musk's wealth at $500.1 billion. His 12.4% stake in Tesla, which has gained over 14% this year, remains a cornerstone of his fortune.

Investor confidence in Tesla has rebounded after a turbulent start to 2025, with Musk refocusing on the company following a stint at the White House. Board chair Robyn Denholm noted Musk is now "front and center" at Tesla, underscored by his recent $1 billion open-market stock purchase—a bold vote of confidence in the company's pivot from automotive manufacturing to AI and robotics leadership.

The board has proposed a $1 trillion compensation package for Musk, tying his rewards to ambitious financial milestones. This MOVE aims to align his incentives with Tesla's transformative ambitions.