Summary
Elon Musk is the first person to have a net worth of over $500 billion, mainly due to the rising value of Tesla and his other companies. His wealth increased this year as shares in these companies, like Tesla and SpaceX, saw growth.
Key Facts
- Elon Musk's net worth briefly reached over $500 billion.
- Tesla shares have risen more than 14% this year.
- Musk owns over 12% of Tesla, contributing significantly to his wealth.
- Other ventures, including SpaceX and the AI startup xAI, also increased in value.
- Musk faced earlier criticism for his role in a government group under the Trump administration.
- Musk purchased about $1 billion worth of Tesla shares recently.
- Tesla faces strong competition from other electric car companies like China's BYD.
- Tesla is working on expanding into AI and robotics.
