Elon Musk Becomes World's First $500 Billion Man
Elon Musk, the innovative CEO of Tesla and SpaceX, has made history by becoming the first person to reach an estimated net worth of $500 billion, according to Forbes. This remarkable feat comes amidst a rollercoaster ride of political ties and market fluctuations.
Musk's wealth journey has been meteoric. In December, he broke the $400 billion mark, and just months later, he's shattered another record. His fortune is primarily tied to his stakes in Tesla and SpaceX, with an estimated $470 billion calculated by Bloomberg News on Wednesday.
However, Musk's political affiliations have not been without controversy. His right-wing views and association with former President Donald Trump led to a dip in Tesla stock sales. Trump, in turn, threatened to cut off Musk's companies from government funds after their falling out. Despite this, Tesla stock initially benefited from Musk's proximity to Trump before recovering due to Musk's ambitious plans for robotaxis and robots.
Elon Musk's net worth is expected to grow further. He is set to receive an additional 423.7 million Tesla shares, increasing his stake from 13% to about 25%. This could potentially push his wealth valuation beyond the current $500 billion mark. Despite political headwinds, Musk's innovative vision continues to drive his wealth and influence in the tech and automotive worlds.
