Elon Musk has set another remarkable record. According to Forbes, the Tesla CEO became the first person ever to amass a fortune approaching the half-trillion-dollar mark on Wednesday, with a net worth of over USD 500 billion.

Forbes’ billionaire tracker reported Musk’s net worth at USD 499.5 billion as of 3:55 p.m. ET. The milestone follows a significant rise in Tesla’s share price, along with growing valuations for his other ventures, including AI firm xAI and rocket manufacturer SpaceX.

Tesla remains the primary source of Musk’s wealth. The electric car maker’s stock has risen by nearly 14% so far this year, including a 4% jump on Wednesday alone. During that single day, Musk’s personal fortune increased by more than USD 7 billion.

Last month, Tesla’s board underscored Musk’s importan

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