Elon Musk, the CEO of Tesla, has become the first person to reach a net worth of 500 billion dollars. This was reported by Zamin.uz.
His wealth has mainly increased due to the rise in the value of Tesla and his other companies. According to data, Tesla shares grew by more than 20 percent over the year, which boosted investors' confidence in Musk's companies.
Musk's wealth is considered to be tied to his 12 percent stake in Tesla. The world's second richest person is Oracle founder Larry Ellison, whose wealth is estimated at around 350 billion dollars.
The financial competition between Musk and Ellison continues with fluctuations in stock prices. According to Tesla's board of directors, Musk plays a central role in the company's operations and if he achieves the set goals, he could have a compensation package worth over 1 trillion dollars.
Thus, Elon Musk is recognized not only as a leading figure in the technology sector but also in terms of financial indicators. His companies and shares attract great interest from investors and have a significant impact on market development.
