Tesla CEO Elon Musk is going to achieve a new milestone in the near future, as his net worth will become half a trillion dollars by 2033.

According to Forbes’ Real-Time Billionaires tracker, Musk’s net worth now stands at $500.1 billion. The Tesla CEO became the first-ever person to reach $400 billion by December.

Musk’s fortunes are linked to his electric vehicle entity, Tesla, where he holds a 12.4% stake as of September 15. Tesla’s stock has gone up more than 14 percent this year, and a 4 percent rise added $9.3 billion to his fortune.

Tesla’s fortunes improved with investor sentiment after Musk quit as a ‘special government employee’ serving as head of the Department of Government Efficiency (DOGE) under the Trump administration, and refocused on his company’s performance.

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