Elon Musk has become the first person to amass a net worth exceeding $500 billion, driven by gains in the value of his electric car company and other ventures.Forbes’ billionaires index reported that Musk’s fortune briefly hit $500.1 billion on Wednesday afternoon in New York before easing to just over $499 billion later in the day.Valuations of Musk’s companies, including Tesla, where he serves as chief executive, as well as the artificial intelligence startup xAI and rocket company SpaceX, have climbed in recent months.The milestone reinforces Musk’s position as the world’s wealthiest individual.
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