Elon Musk First Person to Reach $500 Billion Net Worth

Elon Musk has become the first person in history to reach a net worth of $500 billion, according to Forbes, placing him firmly as the world's richest individual and halfway to becoming the first trillionaire. His wealth primarily stems from Tesla's success, SpaceX, and ventures like Neuralink and the AI startup xAI, with experts predicting he could hit the trillion-dollar milestone within the next eight years. The substantial fortune has been analyzed by AI, revealing that if Musk's wealth were evenly distributed among the global population of 8.1 billion, each person would receive about $61.73. Musk's financial lead currently surpasses that of his closest rival, Oracle co-founder Larry Ellison, by approximately $150 billion, although Ellison briefly overtook Musk recently. Musk's wealth growth coincides with strategic moves such as purchasing millions of Tesla shares and refocusing on his companies after stepping back from political activities. Additionally, Musk's rise to the top spot highlights the contrast with other notable billionaires, including South African entrepreneurs Johann Rupert and Nicky Oppenheimer, who remain far behind in net worth.