FROM FOX NEWS: Elon Musk on Wednesday reportedly became the first person in history with a net worth of $500 billion.
The Tesla and SpaceX CEO’s fortune crossed the half-trillion mark around 3:30 p.m. ET, putting him about $150 billion ahead of Oracle co-founder Larry Ellison, the world’s second-richest person, Forbes reported.
Musk’s wealth has skyrocketed from $24.6 billion in March 2020 to a series of milestones: $100 billion by late 2020, $200 billion in 2021 and $400 billion in 2024, before reaching $500 billion this week.
Elon Musk’s 12% stake in Tesla is valued at $191 billion.
SpaceX contributes about $168 billion to his net worth, and his majority stake in xAI Holdings is valued at approximately $60 billion.
Musk is on track to become the world’s first trillionaire by 2033.
READ MORE AT FOX NEWS
