Elon Musk now has $ 500 billion for his name, more than anyone, at all

Elon Musk has become the first person in the world to reach a net of $ 500 billion, driven by Tesla’s rebound and increasing assessments of his own projects, including Xai and Spacex.

Musk’s teacher came on Wednesday, as Tesla shares closed 3.3 % higher, prompting his net wealth to $ 500.1 billion, according to Forsa. The gathering added more than $ 6 billion in one day, as the musk position was reaffirmed at the top of the billionaire.

Tesla CEO has more than 12.4 % of the electric car company, whose shares have increased by 14 % this year despite the weak sales of cars and narrow margins that weigh it in relation to its peers in the “seventh” technology shares.

Musk’s renewed focus on Tesla was pivotal. The Chairman of the Board of Directors, Robin Dunholm, said last month that the billionaire was again “in the forefront and the center” after months of distraction. A few days later, Musk bought nearly $ 1 billion of Tesla shares – a bold ratification as the company pushes beyond cars to artificial intelligence and robots.

The Tesla Council has since suggested a 1 trillion dollar compensation plan to keep the musk, link the tremendous rewards to the ambitious performance goals and a greater share share.

Outside Tesla, the Musk Empire swollen. The value of the Ai Startup Xai, which was launched last year, was $ 75 billion in July. CNBC reported that the company may aim to evaluate $ 200 billion, although Musk denied any active donation collection. Meanwhile, Spacex was in capital collection talks in its evaluation deal about $ 400 billion, per Bloomberg.

The founder of Oracle Larry Ellison has a net of 350.7 billion dollars, and it is second in the Forbes list.

While Musk’s wealth is still volatile – which has been closely resettled with market morale and technology cycles – a Wednesday teacher reflects its unparalleled effect via electric cars, space and AI.