Elon Musk has become the first person ever to reach a net worth of more than $500bn (£371bn).
The milestone was boosted by a recovery in Tesla stock and soaring valuations in the tech entrepreneur’s other startups this year, according to the Forbes billionaires index.
Tesla shares had a bumpy start to 2025, but climbed as investor optimism grew when Musk took a step away from his role in the Trump administration and refocused on his businesses.
