AssetID: 55144661
Headline: UNCAPTIONED: Elon Musk Becomes World's First Half-Trillionaire
Caption: Elon Musk Becomes World’s First Half-Trillionaire. Tesla CEO Elon Musk has become the first person ever to surpass a net worth of $500 billion (£370.9 billion), according to Forbes’ billionaires index. His fortune briefly hit $500.1 billion on Wednesday before dipping slightly to just over $499 billion. Musk’s wealth is largely tied to his 12 percent stake in Tesla, whose shares have climbed more than 20 percent this year. Valuations of his other ventures, including the AI startup xAI and rocket company SpaceX, have also risen in recent months. The milestone cements Musk’s position as the world’s richest person, far ahead of Oracle founder Larry Ellison, who sits in second place with a net worth of $350.7 billion. Ellison briefly overtook Musk last month after a surge in Oracle shares driven by AI and cloud deals. Tesla shares ended Wednesday up more than 3.3 percent, reflecting continued investor confidence in Musk’s companies and the booming electric vehicle and AI markets. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Elon Musk,becomes,world’s first,half-trillionaire,$500,billion,Forbes’ billionaires index,fortune,shares,Tesla,SpaceX,xAI,investors,Oracle,founder,Larry Ellison,second place,richest person
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