Elon Musk Creates Global History, Becomes World’s First Individual With Personal Net Worth Surpassing $500 Billion

Business News:  The world's richest businessman, Elon Musk, has created history. He has become the first person in the world to reach a net worth of $500 billion. According to Forbes, the increase in Tesla shares has increased Elon Musk's net worth , which has taken his wealth past the $500 billion mark. Elon Musk was the first person to reach $300 billion, followed by $400 billion.

So far, only two people have been able to cross the $300 billion mark. After Elon Musk, there is Oracle founder Larry Ellison, who is also the second richest businessman in the world at the moment. Let's take a look at Forbes' report on Elon Musk's net worth.

Net worth reaches $500 billion

Tesla CEO and founder Elon Musk's net worth has crossed $500 billion for the first time, according to Forbes' real-time billionaires list. Forbes tracks the net worth of billionaires in real time. When Tesla shares were at their highest, Elon Musk's net worth touched $500 billion. Musk's net worth has fallen slightly since the stock market closed, but remains very close to $500 billion. If the company's shares continue to rise on Thursday, that figure will surpass the previous record.

What an increase in wealth !

According to Forbes' real-time billionaires list, Elon Musk's net worth increased by $8.3 billion on Wednesday, bringing his net worth to $499.1 billion. Notably, Elon Musk's net worth has increased significantly since 2020. According to Forbes, his net worth was estimated to be $25 billion in 2020. In just five years , his net worth has increased 20 times. According to experts, Elon Musk's wealth may increase further in the coming years .

Tesla shares rose

On Wednesday, Tesla shares saw an increase of more than 3 percent, pushing Elon Musk's wealth to a historic high. According to data, Tesla shares closed up 3.31 percent, reaching $459.46. During the previous trading session, the company's shares had reached $462.29. Experts believe that the company's shares could soon touch $500. The company's share price is at a record $488.54.

This year, the company's shares have jumped more than 21 percent. However, after his exit from the Trump administration, Tesla shares have seen an increase of more than 100 percent. On April 8, the company's shares closed at $221.86 . Since then, it has seen an increase of 107 percent.