{"id":87268,"date":"2025-10-03T17:12:56","date_gmt":"2025-10-03T17:12:56","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/musk-becomes-worlds-first-half-trillionaire"},"modified":"2025-10-03T17:59:18","modified_gmt":"2025-10-03T17:59:18","slug":"musk-becomes-worlds-first-half-trillionaire","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire","title":{"rendered":"Musk Becomes World’S First Half-Trillionaire"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), as the value of the electric car company and his other businesses have risen this year.<\/b><\/p>\n

The tech magnate’s net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping slightly to just over $499bn later in the day, the Forbes billionaires index reported.<\/p>\n

Alongside Tesla, valuations of his other ventures, including the artificial intelligence start-up xAI and rocket company SpaceX, have also reportedly climbed in recent months.<\/p>\n

The milestone further cements Musk’s status as the world’s richest person, well ahead of rivals in the global tech sector.<\/p>\n

According to Forbes’ billionaires index, Oracle founder Larry Ellison is the world’s second richest person, with a fortune of about $350.7bn.<\/p>\n

Mr Ellison briefly overtook Musk last month after shares in Oracle soared by more than 40%, boosted by the firm’s surprisingly rosy outlook for its cloud infrastructure business and artificial intelligence (AI) deals.<\/p>\n

Musk’s huge wealth is closely tied to his more than 12% stake in Tesla, which has seen its shares rise sharply this year.<\/p>\n

Tesla shares were more than 3.3% higher at the end of New York trading on Wednesday and have now risen by over 20% this year.<\/p>\n

The company’s shares have been making gains in recent months as investors welcome Musk focusing more time on his companies rather than politics.<\/p>\n

He faced criticism earlier this year over his work with the Trump administration’s Department of Government Efficiency (DOGE), the body tasked with reducing US government spending and cutting jobs.<\/p>\n

Musk, who also owns the X social media platform, has also been vocal about his views on issues such as immigration and diversity, equity, and inclusion (DEI) programmes.<\/p>\n

The chair of Tesla’s board, Robyn Denholm, said in September that Musk was now “front and centre” at the carmaker.<\/p>\n

The company’s board also said Musk could receive a pay package worth over $1tn if he hits a list of ambitious targets over the next decade.<\/p>\n

To get the package he would need to boost Tesla’s value eightfold, sell a million AI robots, sell another 12 million Tesla cars, and hit several other goals.<\/p>\n

Also last month, Musk announced that he had bought about $1bn worth of Tesla shares in what has been seen by some investors as a vote of confidence in the firm.<\/p>\n

Tesla has faced a number of challenges in recent years, including tough competition from rival electric car makers such as China’s BYD.<\/p>\n

The company is also in the process of transitioning into an AI and robotics business.<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), as the value of the electric car company and his other businesses have risen this year. The tech magnate’s net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping […]<\/p>\n","protected":false},"author":84,"featured_media":87267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[260],"class_list":["post-87268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-gambia"],"yoast_head":"\nMusk Becomes World'S First Half-Trillionaire - Gambia<\/title>\n<meta name=\"description\" content=\"Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), as the v ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk Becomes World'S First Half-Trillionaire\" \/>\n<meta property=\"og:description\" content=\"Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (\u00a3370.9bn), as the v ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-03T17:12:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-03T17:59:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1759501721.986929.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Musk Becomes World’S First Half-Trillionaire\",\"datePublished\":\"2025-10-03T17:12:56+00:00\",\"dateModified\":\"2025-10-03T17:59:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\"},\"wordCount\":459,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1759501721.986929.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/musk-becomes-worlds-first-half-trillionaire\",\"name\":\"Musk Becomes World'S First Half-Trillionaire - 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