Elon Musk becomes first person to reach net worth of $500,000,000,000
Elon Musk has become the world’s first ever person to reach a net worth of more than $500 billion (Picture: Bloomberg via Getty Images)
Elon Musk has become the world’s first ever person to reach a net worth of more than $500 billion.
The Tesla boss and X owner saw the value of his businesses rise to £370.9 billion yesterday afternoon, the Forbes’ billionaires index reported.
This further cements his status as the world’s richest person, with most of his wealth tied closely to his 12% stake in Tesla.
The value of the car company shares has risen by more than 20% over the last year.
Musk is also in sight of becoming the world’s first trillionaire, as he will receive a huge payout if Tesla reached its list of ambitious targets.
These include selling a million AI robots, another 12 million Tesla cars and boosting the company’s value eight-fold.
The value of Tesla shares has risen by more than 20% over the last year (Picture: AP)
Investors have welcomed Musk focusing more time on his businesses, which also includes artificial intelligence startup xAI and rocket company spaceX, rather than politics.
He came under fire this year after working with Donald Trump’s Department of Government Efficiency (DOGE), which was tasked with cutting jobs and spending.
But he is back ‘front and centre’ of Tesla according to the company chair Robyn Denholm.
But last month one of Musk’s daughters revealed she has ‘no desire’ to be superrich.
Vivian wilson, who petitioned for a name and gender change in 2022, has cut ties with her dad.
This is despite Musk being inititally supportive of Vivian’s decision to transition, saying: ‘I think it is important to defend her right to privacy.’
But last year he denounced her, saying she had ‘killed by the woke mind virus’.
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