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Musk becomes first person to hit $500 billion net worth

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By Correspondent
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Elon Musk CEO Tesla became the first person in history to achieve a net worth of nearly $500 billion, following a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups.

Musk’s net worth stood at $499.5 billion., according to Forbes’ billionaires index.

Tesla shares have risen more than 14% so far this year and climbed to nearly 4% on Wednesday, adding more than $7 billion to his net worth.

The Tesla board last month proposed a $1 trillion compensation plan for Musk, underscoring the hold he has over the carmaker as it attempts to transform into an AI and robotics powerhouse.

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