Elon Musk is now worth $500,000,000,000 after a record-breaking day yesterday.
The Tesla boss and X owner saw his worth swell briefly to $500 billion before lowering slightly to $499.1 billion.
It comes after Tesla’s stocks climbed around 14% this year – and Musk, who owns a 12% stake in the company, is reaping the benefits.
The value of the car company shares has risen by more than 20% over the last year.
Musk also owns massive stakes in xAI and Space X, which are both multi-billion dollar business ventures.
Stocks in the electric carmaker were $427.90 a share in January but fell to $220.67 when Musk came under fire while working for Donald Trump’s Department of Government Efficiency (DOGE) to cut jobs and spending.
He quit in May and has been at the ‘front and centre’ of running Tesla since, the firm said.
On his current trajectory, Musk could soon become the world’s first trillionaire.
What is $500,000,000,000 actually worth?
By Daisy Outram
Musk’s global standing
If Musk’s net worth were a country’s GDP, he would rank 31st worldwide. That’s just below Austria and above Norway, Malaysia and the tech tycoon’s home country of South Africa.
For all the tea in China
If you would not do something for all the tea in China, maybe things would change for $500billion – a mere four times the People’s Republic’s projected tea revenues of $115billion for 2025.
South American coffee
If coffee is more to a billionaire’s taste than tea, Musk is in luck as his
net worth is 11 times more than the $45billion revenue of the coffee
market in South America this year.
Britain’s Crown Jewels
Musk is worth 125 times the value of the Crown Jewels. Though they’re
generally considered priceless, royal historians estimate the artefacts are worth nearly $4billion.
Riches in the Louvre
There’s little Musk couldn’t afford to hang in the Louvre. His wealth is at
least ten times more than the value of the museum and its entire contents, estimated at around $45.5billion by French historian Patrice de Moncan.
The Lizzie Line
For $500billion all the royals could have a Tube line named after them.
The figure is 20 times the cost of building the Elizabeth Line – $25billion.
Vodka in Russia
Though the drink is a Russian staple, Musk’s riches dwarf the nation’s vodka market and come in at 540 times its total revenue of $924million this year.
The White House
Former Trump adviser Musk said farewell to his short-term workplace in May but has the wealth to buy out the entire building 1,250 times over. Real estate firm Zillow calculates the value of the White House as $398million.
Footballing finances
If Musk wanted to invest in football, his net worth is now 35 times the
market value of all the Premier League football clubs combined, which comes to a sizeable $14billion.
Just days ago, one of Musk’s rivals created an eye chip that can ‘restore vision’ in a world first.
Scientists from Science Corporation say they have developed a retinal implant capable of restoring sight to people who are suffering from vision loss.
The eye chip allows patients who are suffering from certain irreversible blindness to read text and do crosswords through ‘artificial vision’.
Science Corporation, a competitor of Elon Musk’s Neuralink, used a brain computer interface, called PRIMA, which involves a pair of camera-mounted glasses that wirelessly emit signals to a chip placed under the retina to aid patients with macular degeneration (AMD).
But this technology was tested on 38 participants in a clinical trial, across 17 sites in five countries, with Moorfields Eye Hospital in London being the sole UK site. 84% of the patients experienced a ‘clinically meaningful improvement’ after 12 months of use, according to the researchers.
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