Tesla (Nasdaq:TSLA) chief Elon Musk became the first person in the world to have a net worth of $500 billion (£370 billion) on Wednesday, as tracked by Bloomberg's Billionaires Index, which monitors the net worth of the world's wealthiest 500 people. However, the feat was short-lived as his net worth pared back to $470 billion (£348 billion) a few hours later, according to the index.
The sudden jump in Musk's wealth by over $10 billion (£7.4 billion) overnight could be linked to rising Tesla shares, which had gained 3.3% at Wednesday's close and are up another 1.4% during Thursday premarket hours.
