According to the Forbes real-time wealth list, as of 4:15 p.m. on the East of the United States on October 1, Musk's net assets had reached $5001 billion, more than the world's second-largest wealthy, American software company Oracle founder Ericsson's personal assets $150 billion.

Musk's surge in wealth is closely related to Tesla. As of September 15, he holds more than 12.4% of Tesla's shares. On October 1, Tesla's U.S. stocks closed up 3.3%, increasing Musk's net assets by more than 6 billion US dollars. Since the beginning of this year, Tesla's share price has risen by more than 14%. In addition, Musk also holds large stakes in Space Exploration Technologies (SpaceX) and artificial intelligence company xAI, and the valuations of his two companies have also increased this year. In July, it was reported that SpaceX was discussing plans to raise funds and sell internal shares, a deal that valued SpaceX at approximately $400 billion. At the same time, data shows that as of July, artificial intelligence company xAI was valued at US$75 billion. In September, it was reported that xAI had launched a new round of financing with a valuation expected to reach US$200 billion, but Musk subsequently denied the news, saying that the company had not yet made any financing.

Source Ø­ CCTV Finance