Elon Musk became the first person to have a net worth of $500 billion

¨     Elon Musk became the first person to have a net worth of $500 billion.

¨     Elon Musk has become the first individual in history to briefly reach a net worth of $500 billion.

¨     According to Forbes' billionaires list, Musk's wealth temporarily crossed the half-trillion-dollar mark on October 1, before declining to $499 billion.

¨     Musk owns a 12% stake in Tesla, valued at more than $1.5 trillion, and his wealth has surged this year as the electric car maker's share price surged.

¨     Tesla reported quarterly deliveries of 497,099 vehicles between July and September.

¨     SpaceX, another Musk-led company, is being valued at around $400 billion. He owns a 42% stake in SpaceX.

¨     His artificial intelligence firm xAI was valued at $75 billion in July, according to Pitchbook data.

¨     Musk’s wealth has fluctuated due to Tesla share price swings and political controversies.

¨     In September, Larry Ellison, co-founder of business software firm Oracle, briefly overtook Musk as the world's richest person, according to Bloomberg's billionaires index - a rival to the Forbes list.