Elon Musk becomes first person to surpass $400 billion in assets!
According to the Bloomberg Billionaires List, SpaceX and Tesla CEO Elon Musk’s net worth has surpassed $400 billion.
With this, Elon Musk has become the first person in history to reach a net worth of $400 billion.
The recent sale of SpaceX shares has made a significant difference in Musk’s net worth. With this sale, he has added $50 billion to his wealth, and SpaceX’s total valuation has increased to $350 billion. With this, SpaceX has established itself as the most valuable private company in the world.
Currently, Elon Musk’s net worth has increased to $447 billion. This is due to the sale of SpaceX shares and the rise in Tesla’s stock price.
Tesla shares have surged 65% since Donald Trump’s election as US president, boosting Elon Musk’s fortune. Investors’ optimism about Trump’s inauguration and changes in tax policies, including self-driving cars, has boosted Tesla’s stock price.
In addition, Elon Musk’s artificial intelligence company (xAI) has attracted the attention of global investors, further boosting his fortune.
Although Elon Musk’s financial achievements are extraordinary, he has faced many challenges. Recently, a Delaware court rejected Tesla’s $100 billion pay package, which caused a legal problem for Elon Musk. However, this did not significantly affect his wealth.
As of December 10, 2024, Elon Musk’s net worth surpassed Jeff Bezos’s by $140 billion, according to the Bloomberg Billionaires List. Since November, Musk has added $136 billion to his wealth, solidifying his dominance on the global billionaire rankings.
