Musk becomes first person ever to see wealth top $500bn

Tesla boss Elon Musk was the first person who once reached a clean value of more than $ 500 billion (370.9 billion pounds), since the cost of the company of electric vehicles and its other enterprises increased this year.

The net capital of the technical tycoon briefly reached $ 500.1 billion on Wednesday afternoon in New York, before a little dropped to a little more than 499 billion dollars. The United States later, the Forbes billionaire index said.

Along with Tesla, the assessment of its other enterprises, including the startup of the XII and Rocket Company SpaceX artificial intelligence, also, as reported, has risen in recent months.

The milestone additionally strengthens the status of a mask as the richest person in the world, much ahead of rivals in the global technological sector.

According to the Forbes billionaire index, the founder of Oracle Larry Ellison is the second richest person in the world consisting of a fortune of about $ 350.7 billion.

Mr. Ellison briefly overtook the musk Last month, after Oracle shares increased by more than 40%, which increased the firm's rainbow prospects for its cloudy infrastructure and transactions with artificial intelligence (AI).

The huge wealth of Musk is closely connected with its more than 12% action in Tesla, which this year has sharply increased this year.

Tesla shares were more than 3.3% higher at the end of New York on Wednesday and currently increased by more than 20% this year.

The company's shares have succeeded in recent months, as investors greet the musk, focusing more time at his companies, and not on politics.

At the beginning of this year, he criticized from his work with the Department of State Efficiency of the Trump administration (DOGE), a body that has been instructed to reduce the expenses of the US government and reduce jobs.

Musk, which also owns X social networks, also expressed the volume about its views on issues such as immigration and diversity programs, justice and inclusion (Dei).

Chairman of the Board of Directors Tesla, Robin Denholm, said in September that Musk was now the “front and center” with the automaker.

The board of directors also said Mask can get a payment package worth more than 1 tr. If he gets into the list of ambitious targets over the next decade.

To get a parcel, he will need to increase the cost of Tesla eight times, sell a million AI robots, sell another 12 million Tesla cars and hit several other goals.

Also last month, Musk announced that he bought Tesla shares in the amount of about $ 1 billion In what was noticed by some investors as a vote in the company.

In recent years, Tesla has encountered a number of problems, including tough competition from competitors such as BYD China.

The company is also in the process of transition to business AI and robotics.

Leave a Comment