Elon Musk has become the first person ever to reach a net worth of more than $500bn (£371bn).

The milestone was boosted by a recovery in Tesla stock and soaring valuations in the tech entrepreneur's other startups this year, according to the Forbes billionaires index.

Tesla shares had a bumpy start to 2025, but climbed as investor optimism grew when Musk took a step away from his role in the Trump administration and refocused on his businesses.

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Ed Miliband to Musk: 'Get the hell out of our politics'

Last month, Tesla board chair Robyn Denholm said Musk was once again "front and centre" at the company after spending several months at the White House.

Musk's wealth is heavily linked to Tesla, where he owned over

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