Musk becomes the first person ever to see wealth at the highest $ 500 billion

Elon Musk, President of Tesla, has become the first person to achieve a net value of more than $ 500 billion (370.9 billion pounds), as the value of the electric car company and other companies increased this year.

The clear value of the technology it achieved in short reached 500.1 billion dollars on Wednesday afternoon, New York time, before it was slightly submerged to a little more than $ 499 billion later in the day, according to the Billionaires Index in Forbes.

Besides Tesla, his other project evaluations, including the start of Xai and Rocket Compax, have also increased in recent months.

This teacher enhances the position of Musk as the richest person in the world, ahead of competitors in the global technology sector.

According to the Funers’ billionaires index, the founder of Oracle Larry Ellison is the second richest person in the world, with a fortune of about 350.7 billion dollars.

Mr. Ellison surpassed a short period of musk Last month, after the shares in Oracle increased by more than 40 %, supported by the amazing pink expectations of the company for cloud infrastructure and artificial intelligence (AI).

Musk’s huge wealth is closely related to its share of more than 12 % in Tesla, which saw that its shares rise sharply this year.

Tesla shares were more than 3.3 % at the end of New York trading on Wednesday and now rose by more than 14 % this year.

The shares of the company have made gains in recent months, as investors welcome MUSK for increasing time for his companies instead of politics.

He faced criticism earlier this year because of his work with the Ministry of Governmental Efficiency in the Trump Administration (DOGE), a body charged with limiting spending on the American government and cutting its jobs.

Musk, who also owns the X social media platform, was explicit about his views on issues such as immigration, diversity, fair and inclusive programs (Dei).

The Chairman of the Board of Directors, Robyn Denholm, said in September that Musk is now “in the forefront and the center in the automotive industry.

The company council also said Musk can get a salary package of more than one million dollars If a list of ambitious goals is hit during the next decade.

To obtain the package, it will need to enhance the value of Tesla eight times, sell one million robots of artificial intelligence, sell 12 million other cars, and hit several other goals.

Also last month, Musk announced that he bought about one billion dollars in Tesla shares In what some investors saw as a vote in confidence in the company.

Tesla has faced a number of challenges in recent years, including intense competition from competing electric car makers such as Chinese BYD.

The company also moves to Amnesty International and robots.