Elon Musk’s net value rocketed to the $500-billion mark on Wednesday, in line with Forbes.
The tech titan reached the milestone as Tesla stocks have been climbing in recent months, the financial publication noted.
Musk’s fortune went up about $10 billion from Tuesday, Forbes found — the most recent step on his march to becoming potentially the world’s first trillionaire. The number underwent slight fluctuations on Forbes’ “Real-Time Billionaires” rankings throughout the afternoon.
The Bloomberg Billionaires Index, which uses a unique method to trace the world’s richest people, placed Musk’s net value at $459 billion.
Forbes uses interviews and annual research to provide you with its list, while Bloomberg updates its data every single day using stock prices and financial ratios.
Because Forbes applies greater discounts and Bloomberg adjusts for taxes and market swings, their numbers often don’t match.
Each publications had Oracle co-founder Larry Ellison because the second-wealthiest person on the planet. Oracle’s stock has surged within the wake of a recent earnings report showing explosive demand for its cloud infrastructure and artificial intelligence services.
While Forbes placed Ellison’s wealth at $349.1 billion, Bloomberg pegged his fortune at $340 billion.
Mark Zuckerberg, the Facebook founder who heads Meta, is value an estimated $246.7 billion, in line with Forbes. Bloomberg valued his net value at $258 billion.
Amazon founder Jeff Bezos is taken into account the fourth wealthiest person on the planet, with a net value of $233.6 billion, Forbes found. It’s actually $243 billion, in line with Bloomberg.
While Musk is arguably most famous for running Tesla, he derives most of his wealth from his ownership stakes in privately held firms including SpaceX and xAI, together with earlier investments in PayPal.
Musk made headlines earlier this yr when President Trump put him answerable for hunting down wasteful spending through the Department of Government Efficiency, or DOGE.
He left the White House and returned full-time to his many business activities in May.
Tesla stock has surged 35% for the reason that start of September, coming to about $460 per share as of Wednesday.
Tesla’s board of directors, which approved an annual pay package for Musk value tens of billions of dollars, has dangled an incentive-laden compensation structure that might make him the world’s first trillionaire — a move that was criticized by Pope Leo XIV.
Elon Musk’s net value rocketed to the $500-billion mark on Wednesday, in line with Forbes.
The tech titan reached the milestone as Tesla stocks have been climbing in recent months, the financial publication noted.
Musk’s fortune went up about $10 billion from Tuesday, Forbes found — the most recent step on his march to becoming potentially the world’s first trillionaire. The number underwent slight fluctuations on Forbes’ “Real-Time Billionaires” rankings throughout the afternoon.
The Bloomberg Billionaires Index, which uses a unique method to trace the world’s richest people, placed Musk’s net value at $459 billion.
Forbes uses interviews and annual research to provide you with its list, while Bloomberg updates its data every single day using stock prices and financial ratios.
Because Forbes applies greater discounts and Bloomberg adjusts for taxes and market swings, their numbers often don’t match.
Each publications had Oracle co-founder Larry Ellison because the second-wealthiest person on the planet. Oracle’s stock has surged within the wake of a recent earnings report showing explosive demand for its cloud infrastructure and artificial intelligence services.
While Forbes placed Ellison’s wealth at $349.1 billion, Bloomberg pegged his fortune at $340 billion.
Mark Zuckerberg, the Facebook founder who heads Meta, is value an estimated $246.7 billion, in line with Forbes. Bloomberg valued his net value at $258 billion.
Amazon founder Jeff Bezos is taken into account the fourth wealthiest person on the planet, with a net value of $233.6 billion, Forbes found. It’s actually $243 billion, in line with Bloomberg.
While Musk is arguably most famous for running Tesla, he derives most of his wealth from his ownership stakes in privately held firms including SpaceX and xAI, together with earlier investments in PayPal.
Musk made headlines earlier this yr when President Trump put him answerable for hunting down wasteful spending through the Department of Government Efficiency, or DOGE.
He left the White House and returned full-time to his many business activities in May.
Tesla stock has surged 35% for the reason that start of September, coming to about $460 per share as of Wednesday.
Tesla’s board of directors, which approved an annual pay package for Musk value tens of billions of dollars, has dangled an incentive-laden compensation structure that might make him the world’s first trillionaire — a move that was criticized by Pope Leo XIV.
