[Alpha Biz= Paul Lee] Seoul, October 1 – Tesla CEO Elon Musk has become the first individual in history to see his personal fortune surpass $500 billion (approximately KRW 702 trillion), fueled by Tesla’s recent stock market rally.



According to Forbes on October 1 (local time), Musk’s net worth has crossed the $500 billion threshold. In comparison, Bloomberg estimated his wealth at $459 billion on the same day.



Forbes noted that Musk’s wealth had already surpassed $400 billion in December last year for the first time, and within less than a year, it has now exceeded $500 billion.



The surge comes as Tesla shares have rallied strongly following Musk’s announcement of a $1 billion share buyback. On the same day, Tesla stock jumped 3.31% to close at $459.46 on the New York Stock Exchange, pushing its market capitalization to $1.528 trillion — the first time Tesla has crossed the $1.5 trillion mark.



Over the past five trading sessions, Tesla shares have gained 4%, and in the past month alone, they have soared 37%.



In addition to Tesla, Musk holds about 42% of SpaceX (worth $168 billion) and approximately 53% of the combined entity of social media platform X and AI startup xAI (worth $60 billion).



Forbes projected that Musk could become the world’s first trillionaire before March 2033, given the pace of his wealth accumulation.

 

 

 

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