Musk Becomes the World's First Person with a Net Worth Exceeding $500 Billion

BlockBeats News, October 2nd, according to Forbes report, on Wednesday local time, Elon Musk reached another significant milestone, becoming the world's first person with a net worth of $500 billion.

According to Forbes real-time data on the billionaire wealth list, as of 3:30 p.m. Eastern Time, the net worth of the global richest person has reached $500 billion. In December last year, Musk became the first person with a net worth exceeding $400 billion, and now his net worth is $150 billion higher than the second-placed Larry Ellison, and he is halfway to becoming the world's first trillionaire.

Tesla's stock price rose nearly 4% on Wednesday, adding about $9.3 billion to Musk's wealth as investors continue to be bullish on Musk's refocused Tesla business. With Tesla's market value climbing back to within 10% of the all-time high set in December last year, Musk's 12% stake in Tesla is now worth $191 billion.