Elon Musk Becomes World’s First Half-Trillionaire The Tesla and SpaceX chief has crossed a net worth of $500 billion, a historic milestone in global business.
Musk’s net worth briefly hit $500.1 billion before settling at just over $499 billion, according to Forbes’ Billionaires Index.
His wealth surge comes from Tesla’s rising shares and growing valuations of SpaceX and AI startup xAI.
Oracle’s Larry Ellison trails behind with $350 billion, making Musk far ahead of his closest rivals.
Tesla shares have risen over 20% this year as investors welcomed Musk focusing more on his companies.
The Tesla board says Musk could earn a $1 trillion pay package if ambitious goals, including selling 12M cars and AI robots, are met.
Musk recently bought $1 billion worth of Tesla shares, seen by investors as a vote of confidence in the company’s future.
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