Elon Musk has created historical past that can shock you. He has turn into the primary individual on this planet to have a internet price of practically USD 500 billion.
Elon Musk has achieved one more extraordinary milestone. On Wednesday, the Tesla CEO grew to become the primary individual ever to succeed in a internet price of practically $500 billion, in keeping with Forbes. His fortune now stands at $500.1 billion, as tracked by Forbes’ Actual-Time Billionaires tracker. Musk had beforehand crossed the $400 billion mark final December, turning into the primary particular person in historical past to succeed in that milestone. Musk is $150 billion forward of runner-up Larry Ellison and near turning into the world’s first trillionaire.
Tesla not solely contributor to Musk’s half-trillion-dollar fortune
Tesla shares rose practically 4% by 3:30 pm ET on Wednesday, boosting Musk’s internet price by an estimated $9.3 billion. With the corporate’s market capitalization returning to inside 10% of its December all-time excessive, Musk’s 12% stake in Tesla is now valued at $191 billion.
Tesla is just not the one contributor to Musk’s half-trillion-dollar fortune. His rocket firm, SpaceX, based in 2002, is now valued at $400 billion based mostly on a non-public tender supply in August, up from $350 billion final December. Musk holds an estimated 42% stake in SpaceX, price round $168 billion. Moreover, his synthetic intelligence enterprise, xAI Holdings, fashioned in March by merging xAI with the social media platform X (previously Twitter), is valued at $113 billion, with Musk proudly owning roughly 53% of the corporate, price $60 billion.
Musk may turn into world’s first trillionaire
Reaching a internet price of $500 billion is simply the most recent milestone in Elon Musk’s extraordinary wealth journey over the previous 5 years. In March 2020, his internet price was simply $24.6 billion. By August 2020, hovering Tesla shares propelled him to turn into the fifth individual in historical past price $100 billion. In January 2021, Musk grew to become the world’s richest individual for the primary time, with practically $190 billion. By September 2021, he joined the unique $200 billion membership, alongside Amazon’s Jeff Bezos and LVMH’s Bernard Arnault. Musk’s wealth milestones continued with $300 billion in November 2021 and $400 billion in December 2024.
If this trajectory continues, Musk may turn into the world’s first trillionaire by March 2033, coinciding with the primary of two vesting dates for his $1 trillion Tesla pay bundle. Nevertheless, Musk has acknowledged that the award isn’t motivated by cash.
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