Elon Musk has made headlines by becoming the first person ever to attain a remarkable net worth of $400 billion, as reported by Bloomberg.
This extraordinary milestone is largely attributed to the soaring valuation of SpaceX, his rocket company, which recently surged to approximately $350 billion following a significant insider share sale.
In addition to his role at SpaceX, Musk oversees Tesla, Neuralink, The Boring Company, and xAI.
His wealth has skyrocketed by nearly $20 billion over the past few weeks, with Tesla’s stock reaching all-time highs, closing at $424.77 on Wednesday, playing a crucial role in this financial achievement.
ALSO READ: Adult filmmaker King Nasir announces 2025 tour of nine African countries (excluding Zimbabwe)
Since the lead-up to the 2024 U.S. presidential election, Musk’s fortune has benefited from investor optimism regarding his potential influence in a Trump administration and the prospect of favorable deregulation for Tesla.
Furthermore, a recent funding round for xAI more than doubled its valuation, providing another boost to Musk’s wealth.
As of now, Musk surpasses Amazon founder Jeff Bezos by over $140 billion, reinforcing his status as the world’s richest individual.
This historic milestone underscores Musk’s significant influence in the technology and space industries, highlighting his unparalleled ability to reshape sectors and set new standards.
With the world watching closely, Musk continues to innovate and push the boundaries of what’s possible.
