**Elon Musk Becomes First Person with $500 Billion Net Worth**
*Published: October 2, 2025, 1:30 p.m. ET*
Elon Musk, the wealthiest man on the planet, has become the first person in history to reach a net worth of $500 billion, RadarOnline.com can reveal. According to recent reports, the Tesla CEO’s bank account crossed the half-trillion dollar mark on Wednesday, October 1, putting him approximately $150 billion ahead of the world’s second-richest person, Oracle co-founder Larry Ellison.
### Elon Musk on the Path to Becoming the World’s First Trillionaire
The 54-year-old entrepreneur’s wealth has seen a meteoric rise over the years. Back in March 2020, his net worth was $25 billion, but it has now surged to nearly half a trillion dollars. Musk is already on track to become the world’s first trillionaire, with projections placing this milestone around 2033.
Recently, Tesla’s board of directors proposed a historic pay package that could add $1 trillion to Musk’s fortune. This incentive plan would grant Musk up to 12 percent of Tesla’s stock—worth approximately $1 trillion—provided the company meets key targets, including achieving a market capitalization of $8.5 trillion and fulfilling other milestones within the next decade.
“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” Tesla Chair Robyn Denholm said in a letter to investors. She added, “We also recognize the formidable nature of this undertaking and, as a result, the importance of having a leader who is not only willing and capable but eager to meet this challenge.”
Denholm emphasized that “retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”
Musk himself addressed the compensation plan on X in September, explaining, “It’s not about ‘compensation,’ but about me having enough influence over Tesla to ensure safety if we build millions of robots. 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.”
### Industry Impact
While performance-based executive compensation is not new, the sheer scale of Musk’s pay package is unprecedented. Adam Sarhan, CEO of 50 Park Investments in New York, commented, “While bold compensation tied to performance is nothing new, the sheer scale here sets a new bar for CEO incentives and will dominate boardroom debates everywhere.”
### Controversy: Alleged Connection to Jeffrey Epstein
Musk’s financial milestones are not the only topics drawing public attention recently. He has found himself under scrutiny due to alleged links to the late convicted sex offender Jeffrey Epstein.
According to documents submitted to the House Oversight and Government Reform Committee and published on September 26, a copy of Epstein’s itinerary reportedly includes Musk’s name for a tentative trip to Epstein’s private island on December 6, 2014. A note associated with the plan questioned, “Is this still happening?”
Jeffrey Epstein owned a private island in the U.S. Virgin Islands at the time. However, Musk responded the following day on X, stating, “Epstein tried to get me to go to his island and I REFUSED, yet they name me even before Prince Andrew, who did visit.”
He further condemned the accusations, saying, “Anyone pushing this false narrative deserves complete contempt.”
The controversy surrounding Prince Andrew—who faced severe backlash for his ties to Epstein after they resurfaced in 2019—continues to affect the disgraced royal’s standing. A source previously revealed, “What frustrates Andrew most is losing his royal status. Wearing the uniform and having that sense of importance defined him, and without it, he feels diminished.”
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*Stay tuned for more updates on Elon Musk’s journey and the evolving Tesla saga.*
https://radaronline.com/p/elon-musk-makes-history-first-person-to-hit-500billion-net-worth-tesla-stocks/
