Forbes has announced that tech billionaire Elon Musk has reached an unprecedented milestone, becoming the first individual in history to achieve a net worth of $500 billion. Musk, the founder of Tesla, SpaceX, and several other ventures, continues to dominate global wealth rankings, setting a new record that reflects his influence in technology, energy, and space exploration.

Analysts attribute this milestone to the rising value of Tesla shares, SpaceX’s rapid growth, and Musk’s expanding portfolio across multiple industries. Despite facing criticism and controversies, his businesses remain highly valued in the global market, pushing his fortune far beyond other billionaires.

The achievement has sparked global conversations about wealth inequality, innovation, and the power of technology-driven businesses. Musk’s success is seen by some as a symbol of modern entrepreneurship, while others question the concentration of such massive wealth in the hands of one individual.