Tesla CEO Elon Musk has become the first person in history to reach a net worth of nearly $500 billion, according to Forbes’ real-time billionaires list. His net worth now stands at $500.1 billion.
Musk, a former adviser to US President Donald Trump, became the first individual to surpass the $400 billion mark in December. His fortune is $150 billion more than Oracle co-founder Larry Ellison.
The South African-born entrepreneur’s wealth is largely tied to his electric vehicle company, Tesla, in which he owns more than 12.4% as of September 15. Tesla shares have risen over 14% so far this year, including a 4% gain on Wednesday, which added $9.3 billion to Musk’s wealth.
