According to BlockBeats, Elon Musk has officially become the first person in history to surpass a net worth of $500 billion, as reported by Forbes.
š Key Highlights:
As of 3:30 PM ET, Forbesā real-time Billionaires List shows Muskās fortune at $500 billion.
Last December, Musk was also the first to cross $400 billion, underscoring the rapid growth of his wealth.
He now outpaces Larry Ellison, the worldās second-richest individual, by more than $150 billion.
š Driving Factors:
Tesla shares rose nearly 4% on Wednesday, boosting Muskās net worth by $9.3 billion in a single day.
Optimism surrounds Muskās renewed focus on Tesla operations, with the companyās market cap approaching its all-time high from last December. Muskās 12% stake in Tesla alone is valued at $191 billion.
With this achievement, Musk strengthens his position as the wealthiest person aliveāfueling speculation that he could eventually become the worldās first trillionaire.