According to the Forbes billionaires list, as of 10:30 PM Turkish time, Musk's wealth has reached 500 billion dollars.

At the close of trading, Musk's wealth amounted to $499.1 billion.

Musk's increased wealth was due to the growing again in Tesla shares, as well as the increased valuation of his xAI artificial intelligence and SpaceX aerospace companies.

Shares of the electric car manufacturer Tesla have risen approximately 14 percent since the beginning of the year.

Oracle founder Larry Ellison and Meta founder Mark Zuckerberg rank after him on the Forbes billionaires list.

Musk's wealth surpassed $100 billion in August 2020, and he first became the world's richest person in January 2021 with a fortune of $190 billion,reported by aa.com.tr