Elon Musk made history on Wednesday by becoming the first person in the world to have a net worth of USD 500 billion, according to Forbes' real-time billionaires tracker. With this achievement, he has surpassed Oracle co-founder Larry Ellison by $150 billion, who is currently the second-richest person globally.

Musk's wealth surge came amid a nearly 4 per cent rise in Tesla shares on Wednesday, adding about USD 9.3 billion to his wealth. Tesla stock has nearly doubled since Musk announced earlier this year that he would step down from his role at the Department of Government Efficiency (DOGE) to focus more on the electric vehicle company. Tesla's market capitalisation is now just 10 per cent below its all-time high reached last December, with Musk's 12 per cent ownership stake valued at a

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