Pakistan, Oct. 2 -- Billionaire Elon Musk net worth has reached nearly $500 billion, bringing him halfway to becoming the world's first trillionaire, Forbes reported. The Tesla and SpaceX CEO briefly hit $500.1 billion on Wednesday.

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His net worth later dipped to $499.1 billion, according to Forbes' "Real-Time Billionaires" tracker. Musk remains the richest person on the planet.

Oracle CEO Larry Ellison is second at $350.7 billion, followed by Meta CEO Mark Zuckerberg at $245.8 billion, Forbes reported.

Musk earned his first millions after selling an online publishing software company to Compaq for over $300 million in 1999. Later, his company merged with PayPa...