Elon Musk Becomes First Person Ever to Reach $500 Billion Net Worth
Elon Musk, the visionary entrepreneur, has reached an unprecedented milestone. He is now the first person in history to achieve a net worth of $500 billion. This remarkable feat comes after a 4% surge in Tesla stock added a staggering $9.3 billion to his fortune.
Musk's wealth is primarily derived from his significant stakes in various companies. His 12% stake in Tesla, the electric vehicle manufacturer, is now worth a substantial $191 billion. Additionally, his 43% stake in SpaceX, the aerospace company he founded in 2002, is valued at $168 billion. SpaceX's evaluation has climbed to $400 billion since its inception.
In March, Musk merged his new artificial intelligence company, xAI, with the social media platform X (formerly Twitter) to form xAI Holdings. His 53% stake in this venture is worth an estimated $600 billion. This merger has significantly contributed to his overall net worth.
Musk's other ventures include Neuralink, a company working on brain implants. His net worth, excluding Tesla stock, is a testament to his diverse business interests and innovative spirit.
Elon Musk's net worth is $150 billion away from making him the first-ever trillionaire. He is currently $150 billion ahead of Oracle's Larry Ellison in the race to this historic milestone. With his wealth spread across Tesla, SpaceX, xAI Holdings, and Neuralink, Musk continues to redefine the boundaries of innovation and entrepreneurship.
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