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Posted on 10/01/2025 4:50:07 PM PDT by SmokingJoe
Oct 1 (Reuters) - Tesla (TSLA.O), opens new tab CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company's shares and surging valuations of the tech entrepreneur's other startups this year. His net worth stood at $500.1 billion as of 4:15 p.m. E.T., according to Forbes' billionaires index.
Musk's fortunes are tied closely to Tesla, where he held a more than 12.4% stake as of September 15. The stock has risen more than 14% so far this year and closed 3.3% higher on Wednesday, adding more than $6 billion to Musk's net worth.
(Excerpt) Read more at reuters.com ...
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A half trillion dollars. You can’t even begin to spend that, unless you are a government.
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