Elon Musk has achieved the milestone of becoming the first person in history worth half a trillion dollars. The Tesla chief and the richest person in the world is now worth $500 billion and is halfway to becoming the world’s first trillionaire. The former head of US President Donald Trump’s Department of Government Efficiency (DOGE) is ahead by $150 billion of the runner-up, Larry Ellison, the co-founder of Oracle, according to Forbes’ Real-Time Billionaires tracker.

$9.3 billion from Tesla shares

Several factors led to Musk’s financial feat. Tesla’s shares shot up by 4 per cent on Wednesday (October 1), adding about $9.3 billion to Musk’s fortune, with investors buoyed by the prospect of a refocused Musk after he stepped down as DOGE chief.

The stock prices of the EV giant have nearly

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