Tesla CEO Elon Musk's net worth reached $500 billion, the first to be worth half a trillion dollars. He's No. 1 on the Forbes Real-Time Billionaires list.

Musk is now half-way to becoming the first ever trillionaire.

The magazine attributes Elon Musk's rise in wealth to his decision to step down from his role as head of the US government's efficiency agency and focus on business

The rise has been driven by a sharp increase in the value of his electric car company Tesla.

After a turbulent start to the year, Tesla shares have gained on improved investor sentiment as Musk’s focus returned to his companies.

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The tech magnate's net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, Forbes magazine's 'Real-Time Billionaires' tracker reported.

Tesla owner’s wealth temporarily crosses half-trillion-dollar mark before retreating to $499bn

Tesla CEO Elon Musk's net worth reached $500 billion, the first to be worth half a trillion dollars. He's No. 1 on the Forbes Real-Time Billionaires list.

Il capo di Tesla, Elon Musk, è diventato la prima persona in assoluto a raggiungere un patrimonio netto di oltre 500 miliardi di dollari grazie all'aumento del valore dell'azienda…

Il capo di Tesla, Elon Musk, è diventato la prima persona in assoluto a raggiungere un patrimonio netto di oltre 500 miliardi di dollari grazie all'aumento del valore dell'azienda…

Il CEO di Tesla supera ogni record grazie alla crescita delle sue aziende e distanzia di 150 miliardi il secondo più ricco al mondo