Elon Musk has achieved an unprecedented milestone, becoming the first individual in history to reach a net worth of $400 billion, according to Bloomberg.
This record-breaking achievement is largely attributed to SpaceX, Musk’s rocket company, which recently reached a valuation of $350 billion following a major insider share sale.
His wealth has also been bolstered by Tesla, where the stock hit an all-time high of $424.77 on Wednesday, adding significantly to his fortune.
Musk, who also heads Neuralink, The Boring Company, and xAI, has seen his wealth grow by nearly $20 billion in just a few weeks. xAI’s valuation more than doubled after a recent funding round, further contributing to his financial success.
Since the 2024 U.S. presidential election, Musk’s wealth has surged as investors anticipate favorable policies under the Trump administration, including potential deregulation benefiting Tesla.
Musk now leads the world’s richest list, surpassing Amazon founder Jeff Bezos by over $140 billion.
His remarkable net worth highlights his dominance in tech and space exploration and his ability to reshape industries and set new global standards.
