Elon Musk has become the first person to reach a net worth of $500bn, bringing the Tesla chief executive halfway to trillionaire status.
Musk’s wealth temporarily crossed the half-trillion mark on Wednesday before retreating to $499bn, according to the Forbes billionaires list.
Musk owns 12% of Tesla, which is worth more than $1.5tn, and his wealth has been boosted this year by surge in the electric carmaker’s share price.
With what money? The vast majority of his “wealth” is imaginary. When Tesla investors, who know damned well they’re riding a bubble, finally decide they’ve made enough money, risked it long enough and it’s time to bail, the bubble pops.
Not saying that because the man is a raging douche nozzle, it’s simply reality.