Elon Musk's estimated net worth tops $500 billion

Core Insights - Elon Musk reached a net worth milestone of $500 billion, primarily driven by Tesla's stock performance [1][2] - Tesla's share price has doubled since April, contributing significantly to Musk's wealth [2] - Different sources report varying net worth figures for Musk, with Bloomberg estimating it at $470 billion [3] Company Performance - Tesla's stock price experienced a spike, leading to Musk's net worth increase [2] - The company has proposed a pay package for Musk that could total $1 trillion over the next decade, contingent on meeting specific performance targets [3] Ownership and Future Potential - Musk currently owns 12% of Tesla's outstanding shares, which could increase to 24% if he meets the proposed pay package milestones [4] - Musk also holds a controlling interest in SpaceX, which was valued at $350 billion in a recent tender offer [4]