Elon Musk has become the first ever person in the world to reach a net worth of more than $500 billion.

[Augusta]

Elon Musk has become the first ever person in the world 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, October 1, 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.

 

[gwolf666]

It’s incredible to think that Elon Musk has officially crossed the $500 billion net worth mark, something no individual has ever achieved before. Honestly, it shows how much influence he has not only in the automotive industry but also in technology, energy, and even social media. A big part of this wealth comes directly from Tesla, and the fact that its shares have risen more than 20% in just one year really highlights investor confidence in his vision. What surprises me is how much of Musk’s fortune is tied to future projects and ambitious goals, like selling a million AI-powered robots and massively increasing Tesla’s production. If he manages to achieve even half of those objectives, the possibility of him becoming the first trillionaire no longer feels far-fetched. Of course, there are risks and uncertainties, but Musk has a history of proving doubters wrong. This milestone could just be the beginning.

 

[eLdavis]

That is pretty impressive honestly. Is he still the world's richest man or has someone taken this tittle, or has he collected it back.

 

[Trush Jodie]

That means in essence, Elon Musk is richer than some countries of the world as it stands. And her would be racing towards the trillion dollar mark.