Workflow
Musk becomes first person to hit $500 billion net worth, Forbes list shows

(Reuters) -Tesla (TSLA) CEO Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly 500billion,propelledbyareboundintheEVcompanyssharesandsurgingvaluationsofthetechentrepreneursotherstartupsthisyear.Teslastockrosemorethan1500 billion, propelled by a rebound in the EV company's shares and surging valuations of the tech entrepreneur's other startups this year. Tesla stock rose more than 1% in premarket trading on Thursday. 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 Sep ...