American entrepreneur and billionaire Elon Musk has become the first person in history to reach a fortune of $500 billion. This is reported by the British daily newspaper Metro.
According to the media, Musk’s fortune increased to $500 billion, and then slightly decreased to $499.1 billion. This happened after Tesla’s shares rose about 14% in trading, boosting Musk’s fortune, who owns 12% of the company’s shares.
The publication also reminded readers that Musk owns large stakes in SpaceX and xAI, which generate substantial annual income for the entrepreneur.
As the publication notes, over the past 12 months, the fortunes of the 400 wealthiest Americans have increased by $1.2 trillion.