US EditionMusk becomes first person to hit $500 billion net worth, Forbes list shows
Elon Musk's wealth surged past $500 billion driven by Tesla stock gains and stakes in SpaceX and xAI Holdings, marking a historic financial milestone, Forbes reported.
- Elon Musk became the first person to reach a net worth of $500 billion on Wednesday, as reported by Forbes.
- Musk's wealth has significantly increased from $24.6 billion in March 2020 to $500 billion now, according to Forbes.
- Musk's wealth increased by about $10 billion from Tuesday due to rising Tesla stock prices.
- Musk could become the world's first trillionaire by 2033 if new compensation proposals are approved.
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153 Articles
The record of the South African billionaire of orgine is mainly due to the price of the shares of the car cause that earned 4% on Wednesday. Overtaken Larry Ellison, the co-founder of Oracle, who had won first place in September
Tesla’s shares rose almost 4% on Wednesday, adding about $9.3 billion to the businessman’s fortune. The price of the electric vehicle manufacturer’s shares has almost doubled since the businessman announced in April that he would withdraw from his role as head of the Department of Government Efficiency (DOGE).
In the "Real-Time Billionaires" ranking, Elon Musk reached $500.1 billion in assets, while he fell to $499.1 billion.
According to Forbes magazine, Tesla CEO Elon Musk is the first person in the world to have a net worth of $500 billion. His wealth is primarily derived from shares in Tesla and SpaceX.
Elon Musk becomes first person to become half a trillionaire
Elon Musk has become the world’s first ever person to reach a net worth of more than $500 billion (Picture: Bloomberg via Getty Images) Elon Musk has become the world’s first ever person to reach a net worth of more than $500 billion. The Tesla boss and X owner saw the value of his businesses rise to £370.9 billion yesterday afternoon, the Forbes’ billionaires index reported. This further cements his status as the world’s richest person, with mo…
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