Elon Musk becomes first person ever worth $500B

09:47 AM (Mecca time) Argaam
Billionaire Elon Musk became the first person in history to amass a net worth of $500 billion.

Billionaire Elon Musk became the first person in history to amass a net worth of $500 billion.

Billionaire Elon Musk has achieved a new milestone, becoming the first person in history to amass a net worth of half a trillion dollars, according to Forbes.

 

This surge in wealth was partly driven by Tesla’s 4% stock rally during Wednesday’s Wall Street session, which added about $9.3 billion to his fortune.

 

However, the stock pared some of its gains by the session’s close, bringing the net worth of the Tesla, SpaceX, and xAI CEO down to $499.1 billion, according to Forbes’ real-time billionaire tracker.

 

Musk’s fortune now far surpasses that of his closest competitor, Oracle founder Larry Ellison, whose net worth stood at $350.7 billion after the market closed.

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