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Elon Musk and Larry Ellison Boost Wealth Amid Rising Economic ...
2025-10-01 16:55:14
Finance
Business
Economy

Elon Musk and Larry Ellison Boost Wealth Amid Rising Economic Divide

Recent reports highlight a significant surge in the wealth of the world's richest individuals, notably Elon Musk and Larry Ellison, who saw their fortunes rise dramatically in September. Musk's wealth climbed to $430.9 billion, positioning him as a potential trillionaire by 2027, while Ellison's fortune increased significantly due to Oracle's impressive stock performance.

The combined wealth of the top 10 richest people reached $2.3 trillion, showcasing an overall increase of $201 billion. Meanwhile, the ultra-high-net-worth population has expanded considerably, with over 510,800 individuals holding a staggering $59.8 trillion, double the US GDP.

This extraordinary accumulation of wealth underscores the growing economic divide and highlights the dominance of tech industry leaders in shaping global financial landscapes.

Related news on that topic:

Elon Musk Becomes First Person Worth Over $500 Billion

Elon Musk has achieved a historic milestone by becoming the first person to amass a net worth exceeding $500 billion. This remarkable feat is largely attributed to the substantial increase in Tesla's stock value, of which Musk owns over 12%. The electric vehicle company's shares have risen by more than 14% this year, significantly boosting Musk's wealth. Additionally, his holdings in other ventures like SpaceX and xAI have also contributed to this financial triumph, with SpaceX alone valued at $400 billion. Musk’s financial ascent has positioned him as the richest person globally, surpassing other notable billionaires such as Larry Ellison and Mark Zuckerberg. His wealth trajectory suggests the possibility of him becoming the first trillionaire by 2033, provided Tesla's growth continues. This financial achievement not only highlights Musk’s business acumen but also raises broader discussions about wealth concentration and its implications on global inequality. As Musk continues to innovate in industries like space exploration and artificial intelligence, his influence and impact on the economic landscape are set to expand even further, reshaping traditional boundaries of wealth and power.

Elon Musk becomes first person to reach $500 billion net worth

Elon Musk has achieved a significant milestone by becoming the first individual to amass a net worth of $500 billion, as reported by Forbes. This extraordinary achievement is largely attributed to the remarkable performance of Tesla's stock, which has surged over 14% this year. Musk's fortune is closely tied to Tesla, where he holds a substantial stake. The company's stock price increases have been instrumental in pushing his wealth to unprecedented levels. Moreover, Musk's other ventures, including SpaceX and xAI, have seen their valuations rise, further contributing to his financial success. These companies, along with his leadership in the electric vehicle market, have solidified his position as a pivotal figure in technological innovation and space exploration. Musk's ascension to this financial peak underscores his influence and impact across various industries. As the world's richest person, he surpasses other notable billionaires, such as Oracle's Larry Ellison. This landmark achievement highlights the significant role of technology and innovation in shaping the global economy, with Musk at the forefront of this transformation.

Read 2 more recent news on this topic

The press radar on this topic:

sozcu
1. Oktober 2025 um 06:48

The World's First Trillionaires Are Looming Large

Elon Musk's personal wealth has reached $430.9 billion, making him the richest person in the world. This wealth is larger than Portugal's annual economy and even some major companies' market value. Musk's wealth increased by $403 billion over the past five years, but he also experienced the largest personal wealth loss in history between 2021-2023. Analysts predict that he could reach a trillion-dollar fortune by 2027.
forbes_es
1. Oktober 2025 um 11:47

The 10 Richest People in the World (October 2025)

This article discusses the Forbes list of the world's 10 richest people. In September, their combined wealth increased by $201 billion, reaching a total of $2.3 trillion. Elon Musk and Larry Ellison were the top two gainers, with almost three-quarters of the increase attributed to them. Musk's fortune rose by $75.2 billion due to a 33% increase in Tesla's stock price, making him on the verge of becoming the first person to reach half a trillion dollars. Ellison's wealth increased by $70.9 bill..
kommersant_ru
1. Oktober 2025 um 08:25

The super-rich accumulate wealth at an incredible rate // The fortune of millionaires has exceeded the US GDP by twice

The Altrata report shows 510,800 ultra-high-net-worth (UHNW) individuals worldwide with $59.8 trillion in wealth, twice the US GDP. China and North America lead UHNW growth, while Russia's wealthy population increases, with over 1,000 people departing to other countries, according to Henley & Partners.
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