🚨BREAKING: Elon Musk becomes the first person in history with a net worth of $500 billion.

🚨BREAKING: Elon Musk Makes History with $500 Billion Net Worth

In a groundbreaking achievement, Elon Musk has become the first person in history to reach a staggering net worth of $500 billion. This monumental milestone cements Musk's position as the world's richest individual, far surpassing the likes of Oracle founder Larry Ellison, who trails behind with a net worth of approximately $350.7 billion.

*The Road to $500 Billion*

Musk's wealth surge is largely attributed to the remarkable performance of his electric vehicle company, Tesla. The company's shares have skyrocketed by over 14% this year, with a notable 3.3% increase on Wednesday, adding a whopping $6 billion to Musk's fortune. This recent rally has propelled Tesla's market capitalization to within 10% of its all-time high, reached in December.

*Tesla's Dominance*

Tesla's success is a significant contributor to Musk's net worth, with his 12% stake in the company valued at approximately $191 billion. Additionally, Musk holds performance-based share options worth $133 billion, although these are currently subject to a legal dispute. The electric vehicle giant's board has proposed a record-breaking $1 trillion compensation plan for Musk, which would grant him further shares amounting to 12% of the company, contingent upon achieving ambitious financial and operational targets.

*Beyond Tesla*

Musk's wealth extends beyond Tesla. His rocket company, SpaceX, is valued at a staggering $400 billion, with Musk holding an estimated 42% stake worth around $168 billion. SpaceX has been scaling its valuations, and its recent private tender offer has contributed significantly to Musk's fortune. Furthermore, Musk's artificial intelligence startup, xAI, is valued at $113 billion, with his 53% stake worth approximately $60 billion.

*A Trajectory to Trillionaire Status?*

If Musk's current trajectory continues, he may become the world's first trillionaire before 2033. This prediction coincides with the first vesting date of his proposed $1 trillion Tesla pay package. While Musk's wealth milestones are impressive, they also underscore the vast influence he wields across multiple industries, from electric vehicles and space exploration to artificial intelligence.

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*Key Takeaways:*

- *Net Worth:* Elon Musk's net worth stands at $500.1 billion, making him the world's richest person.

- *Tesla's Contribution:* Tesla's surge in stock price has significantly contributed to Musk's wealth, with his 12% stake valued at $191 billion.

- *SpaceX Valuation:* SpaceX is valued at $400 billion, with Musk's 42% stake worth $168 billion.

- *xAI Valuation:* xAI is valued at $113 billion, with Musk's 53% stake worth $60 billion.

- *Future Projections:* Musk may become the world's first trillionaire before 2033, contingent upon his continued success ¹ ² ³.