Show Quick Read Summary is AI-generated, newsroom-reviewed

Tesla Boss Elon Musk has become the first billionaire to boast of a $500 billion net worth as per Forbes Real Time Billionaires.

Musk had previously crossed the $400 billion mark last December, becoming the first to reach that milestone. Currently, Musk is $150 billion ahead of Larry Ellison and close to becoming the world's first trillionaire.

Tesla shares rose 4 per cent by 3:30 pm ET on Wednesday, bolstering the ex-DOGE Head's net worth by $9.3 billion. Elon Musk's 12 per cent shareholding is now valued at $191 billion.

Meanwhile, his space-tech enterprise SpaceX is now valued at $400 billion as per a private tender offer in August, $50 billion higher from its valuation December 2024.

Musk holds an estimated 42 per cent st

See Full Page