Billionaire According to a Forbes magazine story published on Wednesday, Elon Musk, the richest person in the world, is almost halfway to being the first trillionaire in history. The achievement confirms Musk’s position as the richest person in the world and comes less than a year after his net worth surpassed $400 billion.
His almost 12% ownership in Tesla, the most valuable car company in the world, is directly linked to his riches. After a rocky start to the year, the electric vehicle manufacturer’s stock has increased by almost 14% so far.
In addition to other gains, the shares of his electric vehicle firm rebounded from his awkward time in politics, making the CEO of SpaceX and Tesla the first individual to momentarily reach a net worth of $500 billion.
Following him on the Forbes list are Mark Zuckerberg, CEO of Meta, with a net worth of $245.8 billion, and Larry Ellison, CEO of Oracle, with a net worth of $350.7 billion. After leaving Stanford University and earning his degree from the University of Pennsylvania, Musk made his first million dollars in 1999 when he sold his online publishing software company to Compaq, a US computer manufacturer, for over $300 million.
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