New Delhi: Tesla CEO Elon Musk on Wednesday, October 1, became the first individual in history to build a wealth of USD 500 billion. The surge in fortunes of Musk is attributed to a rebound in Tesla’s stock and soaring valuations of his other companies this year. As per Forbes’ Billionaires Index, Musk’s net worth touched USD 500.1 billion.

Tesla fuels wealth

Musk’s wealth remains heavily connected to his ownership in Tesla, where he held a 12.4 percent stake as of September 15. The electric carmaker’s shares have gained more than 14 percent on year-to-date basis, including a 3.3 percent jump on Wednesday, which alone added over USD 6 billion to Musk’s fortune.

The start of the year 2025 has been sluggish for Elon Musk and his company. Tesla shares have recovered as investor sentiment

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