Elon Musk has become the world’s first-ever half-trillionaire, with his net worth briefly exceeding $500 billion. This significant financial milestone is driven by the rising values of Tesla and his other ventures like xAI and SpaceX.

• Musk's net worth reached $500.1 billion on Wednesday afternoon New York time before slightly dipping to just over $499 billion.
• He remains the world's richest person, significantly surpassing Oracle founder Larry Ellison, who has a fortune of approximately $350.7 billion.
• Tesla's shares, where Musk holds over a 12% stake, have risen by over 20% this year, with a gain of more than 3.3% on Wednesday.