💼 Elon Musk Becomes the First in History to Reach a $500 Billion Fortune 🚀

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According to trading results on October 1, Tesla’s shares surged nearly 4%, boosting Elon Musk’s net worth by approximately $9.3 billion. The electric vehicle maker’s stock has almost doubled in value since Musk announced in April that he would step down from the Department of Government Efficiency (DOGE) to focus more fully on Tesla.

But Tesla’s rally is only part of the story. As Forbes reports, Musk’s wealth has soared thanks to massive growth across his empire:

🛰️ SpaceX, his space technology company, has gained about $50 billion in value since December. Musk holds 42% of its shares, now worth roughly $168 billion.

🤖 In March, the merger of xAI with the social platform X into a new entity — xAI Holdings — valued the combined company at $113 billion. Musk owns around 53%, or $60 billion worth of shares.

Altogether, these surging valuations have pushed Musk’s total fortune to an unprecedented $500 billion, making him the first individual in history to reach that milestone. 🌍💰

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