Who wants to be a trillionaire? Elon Musk is now halfway there

Elon Musk has go the archetypal idiosyncratic ever to scope a nett worthy of much than $500bn (£371bn).

The milestone was boosted by a betterment successful Tesla banal and soaring valuations successful the tech entrepreneur's different startups this year, according to the Forbes billionaires index.

Tesla shares had a bumpy commencement to 2025, but climbed arsenic capitalist optimism grew erstwhile Musk took a measurement distant from his relation successful the Trump medication and refocused connected his businesses.

Last month, Tesla committee seat Robyn Denholm said Musk was erstwhile again "front and centre" astatine the institution aft spending respective months astatine the White House.

Musk's wealthiness is heavy linked to Tesla, wherever helium owned implicit a 12.4% involvement arsenic of 15 September.

The company's shares person gained much than 14% twelvemonth to day and closed 3.3% higher yesterday - boosting Musk's nett worthy by implicit $6bn (£4.4bn).

Musk has bought astir $1bn (£740m) worthy of shares, signalling beardown assurance successful Tesla's aboriginal arsenic it shifts absorption from being conscionable an automaker to becoming a person successful AI and robotics.

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However, declining conveyance income and ongoing unit connected nett margins person weighed connected the stock, causing it to beryllium among the weakest performers wrong the "magnificent seven" radical of large tech companies.

Musk's artificial quality startup xAI and his rocket institution SpaceX person some seen their valuations summation this year.

According to Pitchbook data, xAI was valued astatine $75bn (£55bn) arsenic of July.

Bloomberg News reported successful July that SpaceX was readying to rise funds and merchantability insider shares successful a woody valuing the institution astatine astir $400bn (£296bn).

Oracle laminitis Larry Ellison ranks 2nd connected the Forbes affluent list, with a nett worthy of astir $350.7bn (£260bn) arsenic of Wednesday.