Musk becomes the first person in history with a $500 billion fortune

This comes after Tesla's shares increased by about 14 per cent this year, and Musk, who holds 12 per cent of shares in the company, is reaping the benefits.

The value of car shares has increased by more than 20 percent over the past year, reports Metro.uk.

Shares in the car manufacturer were $447.90 for action in January, but fell to $220.67 when Musk was criticised while working for Donald Trump Government Efficiency Department.

In its current trajectory, Musk can soon become the world's first trillion.