Elon Musk has set yet another record: he is now the first individual in history to amass a personal fortune of $500 billion, according to Forbes. The milestone highlights the extraordinary ascent of the world’s most talked-about entrepreneur.
The pace of Musk’s wealth accumulation has been nothing short of astonishing. Back in 2020, his net worth was a comparatively modest $24.6 billion. By 2024, it had surged to $400 billion. Now, in 2025, it stands at $500 billion, roughly on par with the GDP of Austria or Norway.
The surge has been powered by the continued rise of Tesla, SpaceX and Musk’s other forward-looking ventures, which remain a magnet for both investors and financial markets. Yet the new landmark prompts a bigger question: could Musk become the first individual to reach the mythical $1 trillion mark?
Halfway toward a threshold never before crossed by a single person, the Tesla and SpaceX chief once again demonstrates how, in his case, the line between science fiction and economic reality often seems to blur.
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