Musk becomes world's first half-trillionaire

Musk becomes world's first half-trillionaire Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (£370.9bn), 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. 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. According to Forbes' billionaires index, Oracle founder Larry Ellison is the world's second richest person, with a fortune of about $350.7bn. 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.