Elon Musk becomes 1st person to hit $500 billion net worth
Tesla CEO Elon Musk has become the first person ever to achieve a net worth of $500 billion, according to Forbes' billionaires index. This was propelled by a rebound in Tesla's shares and surging valuations of the tech entrepreneur's other startups this year. Musk is $150 billion ahead of Oracle Co-founder Larry Ellison, who is second on the list.