Elon Musk turns into first individual to achieve $500B web value: Forbes

Key Takeaways

Elon Musk turned the primary particular person to achieve a $500B web value.
His wealth stems from Tesla, SpaceX, and xAI Holdings.

Elon Musk turned the primary individual to achieve a $500 billion web value as we speak, based on Forbes. The Tesla CEO’s wealth milestone comes as his electrical car firm maintains its place because the world’s Most worthy automaker.

Tesla shares jumped practically 4% Wednesday, including $9.3 billion to Elon Musk’s fortune and lifting his 12% stake to $191 billion because the EV maker’s market cap neared its December peak.

Musk’s half-trillion-dollar wealth additionally rests on his 42% stake in SpaceX, valued at $168 billion after an August tender provide, and a 53% stake in xAI Holdings, value about $60 billion following its merger with X earlier this 12 months.