Elon Musk's Fortune Tops $500 Billion for First Time
Elon Musk's wealth has reached a new milestone. In real-time data on Wednesday afternoon, Forbes reported that Musk's fortune surpassed $500 billion. This makes him the first person in history to achieve such a net worth.
Musk's stake in xAI Holdings, formed by the merger of his AI company xAI and the messaging platform X, is valued at $60 billion. He owns 53 percent of this company. Additionally, his 42 percent stake in SpaceX, the space exploration company, is valued at $168 billion.
Tesla's board of directors has proposed a new compensation package for Musk. If approved, it could potentially bring him up to $1 trillion in Tesla shares. Musk currently owns a 12 percent stake in Tesla, valued at $191 billion.
Musk's wealth is significantly ahead of the world's second-richest person, Larry Ellison, by $150 billion. His diverse investments, including xAI Holdings and SpaceX, along with his stake in Tesla, have contributed to this remarkable achievement.
Read also:
- User Data Analysis on Epic Games Store
- Rachel Reeves conducts a discussion with Scott Bessent and financial executives, focusing on investment matters
- Hyundai accelerates production plans: Introducing 7 new N models, aiming for a sales figure of 100,000 units by 2030.
- Yasa, an electric car engine producer, plans to broaden its operations.
