TechFlow news, on October 2, according to Jinshi News, Elon Musk reached another major milestone on Wednesday local time, becoming the world's first billionaire with a net worth of $500 billion.
According to real-time data from the Forbes Billionaires List, as of 3:30 p.m. Eastern Time, the world's richest person has reached a net worth of $500 billion. Last December, Musk became the first individual to surpass $400 billion in wealth. His current fortune now exceeds that of Larry Ellison, who ranks second, by $150 billion, and he has already completed half the journey toward becoming the world's first trillionaire.
Tesla shares rose nearly 4% on Wednesday, adding approximately $9.3 billion to Musk's wealth, as investors continue to express confidence in Musk refocusing on Tesla operations. With Tesla's market capitalization rebounding to within 10% of its all-time high reached in December last year, Musk's 12% stake in Tesla is now worth $191 billion.
