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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Elon Musk's Wealth Surges Higher After SpaceX Bags $714M Contract From the Pentagon

Musk's net worth surpassed $500 billion last week. (Credit: AFP News)

Tesla chief Elon Musk briefly attained a personal net worth of $500 billion ($370 billion) last Wednesday, becoming the first person to achieve such kind of wealth. The surge in wealth by over $10 billion (£7.4 billion) overnight coincided with the Tesla stock price gains, which have been on an uptrend since Musk recently disclosed buying another $1 billion (£744 million) of EV company shares.

While his net worth pared back to $470 billion (£348 billion) in the following few hours after hitting the half-a-trillion mark, the figure scaled back up to $482.3 billion (£359 billion) on Monday, according to the Forbes Real Time Billionaires list.

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