Elon Musk has become the first person in history to amass a net worth of $500 billion, a milestone driven by surging Tesla shares and soaring valuations of his other ventures, including SpaceX and xAI, Forbes reported .

The achievement briefly pushed Musk’s fortune past the half-trillion-dollar mark on Wednesday afternoon, according to Forbes’ Real-Time Billionaires tracker.

According to Fox Business , the Tesla CEO’s wealth has skyrocketed from $24.6 billion in March 2020 to this level, cementing his lead as the world’s richest person by a margin of roughly $150 billion over Oracle co-founder Larry Ellison. Tesla’s stock, which has nearly doubled since April, added about $9.3 billion to Musk’s fortune in a single day.

According to Forbes, Musk’s financial empire extends beyond elect

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