Elon Musk's Net Worth Hits $500 Billion, Breaking World Record

Elon Musk's net worth has reached a record-breaking $500 billion, making him the world's richest individual. Musk's wealth milestone was tracked by the Forbes Billionaires index, with his net worth exceeding $500 billion, nearly $150 billion ahead of Oracle's Larry Ellison.

The surge in Musk's fortune is attributed to a 4% rise in Tesla stock, adding $9 billion to his net worth in a single afternoon. Musk, who recently announced stepping back from his role in the Department of Government Efficiency, holds a 12% stake in Tesla worth $191 billion.

His wealth extends beyond Tesla to his space exploration company, SpaceX, founded in 2002 and valued at $400 billion.