New Delhi, Oct. 2 -- Tesla CEO Elon Musk on Wednesday became the first person ever to have a net worth of $500 billion, according to Forbes Real Time Billionaires.

As of 9:52 pm ET, Elon Musk's net worth stood at $499.1 billion, the list showed. As per Bloomberg Billionaires Index, the net worth of Elon Musk at the time of writing this article was $470 billion.

(This is a developing story. Check back for updates)

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