Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX, has reached a new financial milestone that brings him closer to becoming the world’s first trillionaire.
According to Forbes’ “Real-Time Billionaires” tracker, Musk’s fortune briefly crossed the $500 billion mark on Wednesday, peaking at $500.1 billion before dipping slightly to $499.1 billion later in the day.
The 54-year-old tech mogul has benefited from a rebound in Tesla’s stock price following a turbulent period linked to his political activities, alongside continued gains in his other ventures.
The half-trillion mark cements his position as the world’s richest person.
Trailing Musk on the billionaire rankings is Oracle co-founder Larry Ellison, whose net worth stands at $350.7 billion, while Meta CEO Mark Zuckerberg follows in third with $245.8 billion.
Forbes noted that Musk’s accumulation of wealth puts him nearly halfway to a record that no human has ever reached, a trillion-dollar fortune.
