New York: Elon Musk has once again secured his position as the world’s richest person, with Forbes estimating his net worth at over $500 billion, making him the first individual in history to reach this milestone. The surge comes largely from the strong performance of Tesla shares and the high valuations of his other ventures, including SpaceX and xAI.

The ranking of the world’s wealthiest individuals has seen volatility in recent weeks. Oracle co-founder Larry Ellison briefly overtook Musk earlier in September after a sharp rise in Oracle’s stock price, but Musk quickly regained the top spot. Bloomberg’s Billionaires Index, which uses a more conservative valuation method, currently places Musk’s net worth in the $380–400 billion range, showing a notable difference compared to Forbes’ estimate.

Tesla has also drawn attention with a proposed compensation package for Musk that could be worth up to $1 trillion if the company achieves ambitious growth targets. However, Musk’s wealth remains highly volatile, with past swings wiping tens of billions from his fortune in a single day due to market shifts and controversies.

Despite these fluctuations, Musk’s position at the top of the wealth rankings underscores the scale of his influence in the global economy, as his companies continue to reshape industries ranging from electric vehicles to space exploration.