Elon Musk Becomes First Person to Reach $500 Billion Net Worth

Musk's wealth surges following Tesla's record stock performance and his influential role in Trump's incoming administration.

Elon Musk's net worth has reached $500 billion, making him the wealthiest person in history, according to the Bloomberg Billionaires Index.
Tesla's stock has soared over 40% in the past month, boosting Musk's wealth due to his 13% stake in the company, which now has a market capitalization of $1.5 trillion.
Musk's financial gains are tied to his alignment with President-elect Donald Trump, whose administration is expected to favor policies benefiting Musk's ventures, including Tesla, SpaceX, and xAI.
SpaceX, valued at $350 billion, and Musk's AI startup xAI, worth $50 billion, have contributed significantly to his fortune, alongside other holdings like Neuralink and The Boring Company.
Critics, including Senator Elizabeth Warren, have raised concerns about potential conflicts of interest as Musk takes on a leadership role in Trump's 'Department of Government Efficiency.'