Billionaire Elon Musk net worth has reached nearly $500 billion, bringing him halfway to becoming the world’s first trillionaire, Forbes reported. The Tesla and SpaceX CEO briefly hit $500.1 billion on Wednesday.
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His net worth later dipped to $499.1 billion, according to Forbes’ “Real-Time Billionaires” tracker. Musk remains the richest person on the planet.
Oracle CEO Larry Ellison is second at $350.7 billion, followed by Meta CEO Mark Zuckerberg at $245.8 billion, Forbes reported.
Musk earned his first millions after selling an online publishing software company to Compaq for over $300 million in 1999. Later, his company merged with PayPal, boosting his wealth further.
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He founded SpaceX in 2002 and joined Tesla in 2004. Analysts say Elon Musk net worth may soon cross $1 trillion if his companies’ growth continues.