Elon Musk becomes first person with net worth of $500bn

<p>Tesla owner’s wealth temporarily crosses half-trillion-dollar mark before retreating to $499bn</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/oct/02/thames-water-creditors-rescue-plan-tesco-profit-markets-business-live-news">Business live – latest updates</a></p></li></ul><p>Elon Musk has become the first person to reach a net worth of $500bn (£372bn), bringing the Tesla chief executive halfway to trillionaire status.</p><p>Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the <a href="https://www.forbes.com/real-time-billionaires/#289efa73d788">Forbes billionaires list</a>.</p> <a href="https://www.theguardian.com/technology/2025/oct/02/elon-musk-first-person-half-trillion-dollar-net-worth">Continue reading...</a>