Tesla owner Elon Musk has set a new record, becoming the first person ever to build a fortune of almost $500 billion. The surge comes on the back of a rebound in Tesla’s stock and soaring valuations of his other ventures, including SpaceX and xAI. Forbes’ billionaires index put Musk’s net worth at $500.1 billion as of 4:15 PM ET on Wednesday. Much of that wealth is tied to Tesla, where he holds more than a 12.4% stake, Reuters reported. The electric carmaker’s stock has climbed over 14% this year and rose 3.3% on Wednesday alone, adding more than $6 billion to his fortune. Tesla shares have bounced back after a shaky start to the year, with investors encouraged by Musk’s renewed attention to his companies. Tesla chair Robyn Denholm noted last month that Musk was now back “front

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