Elon Musk became the first person to reach a net value of more than $ 500 billion (371 billion pounds sterling).
The milestone was stimulated by a recovery in Tesla’s actions and the arrow evaluations in the other startups of the technological entrepreneur this year, according to the Forbes billionaires index.
Tesla’s actions experienced a bumpy start until 2025, but climbed as investors’ optimism grew when Musk took a step in the Trump administration and refocused its activities.
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Last month, the chairman of the board of directors of Tesla, Robyn Denholm, said Musk was once again “before and center” of the company after spending several months in the White House.
Musk’s wealth is strongly linked to Tesla, where he had more than 12.4% participation on September 15.
The company’s shares won more than 14% over a year and closed 3.3% more yesterday – increasing the net value of musk by more than $ 6 billion (4.4 billion pounds sterling).
Musk bought about $ 1 billion (740 million pounds sterling), which indicates great confidence in the future of Tesla because it goes from concentration, to be a automaker to become a leader in AI and robotics.
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Elon Musk on stage during a Tesla event in Shanghai, China. Pic: Reuters
However, the drop in vehicle sales and continuous pressure on the beneficiary margins have weighed on the stock, which means that it is among the lowest artists in the group of “seven magnificent” large technological companies.
Musk Xai’s artificial intelligence startup and his rocket company Spacex both saw their assessments increase this year.
According to Pitchbook data, XAI was estimated at $ 75 billion (55 billion pounds Sterling) in July.
Bloomberg News reported in July that SpaceX planned to collect funds and sell initiate shares in an agreement enhancing the company at around $ 400 billion (296 billion pounds sterling).
Oracle founder Larry Ellison ranks second on the Rich Forbes list, with a net value of around $ 350.7 billion (260 billion pounds sterling) on Wednesday.