Elon Musk Becomes First Person to Hit $500 Billion Net Worth

Elon Musk, the South Africa-born billionaire, has just made history by becoming the first person ever to achieve a net worth of nearly $500 billion. This remarkable milestone can be largely attributed to Musk’s close ties to Tesla, where he owned more than a 12.4% stake as of September 15. His status as the world’s richest individual is solidified by his current net worth of $500.1 billion, as reported by Forbes’ Real-Time Billionaires tracker. The growth of Musk’s wealth has been truly extraordinary, with him surpassing the $400 billion mark just last December. Musk’s financial success is undoubtedly fueled by his innovative ventures, particularly his leadership at Tesla, which has become a key driver of his immense wealth.