Elon Musk has become the first person worth $500 billion. Musk has shifted his focus from political parasitism back to business, prompting the expansion of his wealth. While politics is a corrupt and vile institution, it does pay exceedingly well, as we all know.
According to a report by Forbes, Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms. Tesla stock jumped nearly 4% on Wednesday, adding $9.3 billion to Musk’s fortune and pushing it to $500.1 billion, according to the Forbes Billionaires List. Musk’s 12% stake in the carmaker is valued at $191 billion.
Analysts credit the recent surge in Musk’s wealth to his renewed focus on business. Tesla shares have nearly doubled since April, when he first announced during an earnings call that he would step down from his post as head of U.S. President Donald Trump’s Department of Government Efficiency (DOGE) to devote more time to the automaker and his other business interests. Musk departed the agency after a rift with the president over a major tax-and-spending bill. -RT
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Tesla board chair Robyn Denholm said last month that after months of being distracted by being a member of the ruling class, Musk was again “front and center” in the business world. Days later, he bought nearly $1 billion worth of Tesla stock, signaling confidence as the company expands into Artificial Intelligence and robotics.
Elon Musk has been the inventor of the Neuralink brain chip too.
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If Musk’s wealth continues to grow at its current pace, he would become the world’s first trillionaire before March 2033, when the first of two vesting dates for his $1 trillion Tesla pay package hits. But according to Musk, that award isn’t about the money.
“It’s not about ‘compensation’, but about me having enough influence over Tesla to ensure safety if we build millions of robots,” Musk wrote in a September X post. “If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.”
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