Elon Musk halfway to becoming world's first trillionaire: report
America
By
AFP
| Oct 02, 2025
Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday.
The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebounded from his clumsy stint in politics, amid other gains.
The 54-year-old's net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication's "Real-Time Billionaires" tracker reported.
Ranked after him are Oracle CEO Larry Ellison with a net worth of $350.7 billion, followed by Meta CEO Mark Zuckerberg with a net worth of $245.8 billion on the Forbes list.
READ MORE
New KMA directive on seafarer training gets industry backing
Funding woes scuttle key Seafarers Council's work
Developers condemn reports that most city buildings are unsafe
Win for Kenya as AGOA agreement extended for 3 years
Leases, looting and a grounded fleet expose turbulence at KQ
How Kenya can turn technological progress into real development
Kenya wins three-year AGOA extension, securing jobs
When trust is what it takes to make good profit
Unlocking Kenya's next phase of growth through powering SMEs
Why Telegram remains most restricted social media platform globally
After graduating from the University of Pennsylvania and dropping out of Stanford University, Musk banked his first millions when he sold an online publishing software company to US computer maker Compaq for more than $300 million in 1999.
His next company eventually merged with PayPal, and after leaving that venture, the South African-born tech entrepreneur founded space rocket company SpaceX in 2002 and became the chairman of electric carmaker Tesla in 2004.