The world's richest person, Elon Musk, is on the verge of going from billionaire to trillionaire for the first time in world history.
The French news agency AFP, citing Forbes magazine, said that Elon Musk has completed about half of this journey and could soon complete the rest.
Elon Musk, CEO of Tesla and SpaceX, became the first person in the world to achieve this feat, as the share price of his electric vehicle company soared and he reaped other business benefits since his retirement from politics.
The magazine reported that 54-year-old Elon Musk's total wealth reached $500 billion on Wednesday, but quickly fell to $499.1.
He is followed by Oracle CEO Larry Ellison, whose total wealth is $350.7 billion.
According to the Forbes report, he is followed by Meta CEO Mark Zuckerberg, with a total fortune of $245.8 billion.
After graduating from the University of Pennsylvania, Elon Musk enrolled at Stanford University, where he was rejected.
He first became a millionaire in 1999 when he sold a publishing software company to US computer maker Compaq.
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| Elon Musk has remained close to President Donald Trump, but reports of disagreements have since emerged (Photo: Getty Images) |
Elon Musk, born in South Africa, lives in the United States. He founded a company that later merged with PayPal and became the owner of the space rocket company SpaceX in 2002, and in 2004 he founded the company Tesla, which is the world's most famous manufacturer of cars and electric vehicles.
Elon Musk had a deep connection with President Donald Trump, but later news of disagreements emerged, after which he announced the formation of a political party.
However, he has been away from the political arena for some time now.
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