NEW YORK: Billionaire Elon Musk, the world’s richest man, is now halfway to becoming the first trillionaire, according to Forbes magazine.
The Tesla and SpaceX chief briefly saw his net worth climb to $500.1 billion on Wednesday, before dipping back to $499.1 billion, the publication’s “Real-Time Billionaires” tracker reported. The rebound comes as Tesla shares recover from recent setbacks, including Musk’s controversial foray into politics.
Musk, 54, remains well ahead of his closest rivals. Oracle co-founder Larry Ellison ranks second with $350.7 billion, while Meta CEO Mark Zuckerberg sits third at $245.8 billion.
Musk first made his fortune in 1999 after selling his online publishing software company to Compaq for more than $300 million. He later co-founded X.com, which merged with PayPal, before turning his sights to bigger ventures. He launched rocket company SpaceX in 2002 and joined Tesla in 2004, eventually becoming its chairman.
If Tesla’s recovery continues alongside SpaceX’s rising valuation, analysts say Musk could become the world’s first trillionaire within the next decade.
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