New York – Tesla and SpaceX owner Elon Musk has created history by becoming the first person in the world to achieve a total net worth of $500 billion (over £370.9 billion).
According to Forbes’ Billionaires Index, Musk’s fortune briefly touched $500.1 billion on Wednesday afternoon before slightly dropping, but it still remains above $499 billion.
A major part of Musk’s wealth comes from his 12% stake in Tesla, whose stock has surged over 20% this year. His other ventures, including SpaceX and AI startup xAI, have also seen massive valuation jumps in recent months.
World’s Richest People (Top 2)
- 1.Elon Musk – $500B+
- 2.Larry Ellison (Oracle Founder) – $350.7B
Last month, Oracle’s shares soared more than 40%, briefly making Larry Ellison richer than Musk. But now Musk has regained a huge lead.
Tesla’s Future Plans – Elon Musk
Tesla’s board has announced that if Musk achieves his ambitious goals within the next decade, he could receive a compensation package worth over $1 trillion.
The goals include:
- Selling 12 million Tesla cars
- Producing 1 million AI-powered robots
- Increasing Tesla’s valuation 8x
Recently, Musk purchased nearly $1 billion worth of Tesla shares, which investors saw as a strong vote of confidence in the company’s future.
However, Tesla continues to face tough competition from Chinese EV giant BYD and other electric carmakers.
Home
Facebook
Twitter
Instagram
Call
WhatsApp