Elon Musk has become the first person ever to surpass a net worth of US$500 billion, reaching US$500.1 billion by Wednesday afternoon. This remarkable achievement follows Tesla’s share rebound and the soaring success of his other business ventures.

The Dow Jones Industrial Average soared to an all-time high on Thursday, surpassing the 46,000 mark and closing at 46,108. Investors showed optimism as August inflation data aligned with forecasts, raising expectations of a Federal Reserve rate cut in September.