Elon Musk Becomes the First Person to Achieve a $400 Billion USD Net Worth
Elon Musk, the wealthiest individual on the planet, has reached yet another unprecedented milestone. According to Bloomberg’s Billionaires Index, Musk has become the first person in history to amass a net worth of $400 billion USD, a testament to his ever-growing influence and business acumen. His fortune surged by 77% following the November elections, skyrocketing his total net worth to $447 billion USD—exceeding the combined fortunes of fellow billionaires Jeff Bezos and Bill Gates.
SpaceX, Musk’s aerospace company, has also contributed significantly to this financial leap. Bloomberg recently reported that SpaceX’s valuation jumped to an estimated $350 billion USD, following commitments from Musk and its investors to purchase $1.25 billion USD in insider shares. This development resulted in a one-day increase of $62.8 billion USD in Musk’s wealth. From the start of 2024, Musk has added approximately $218 billion USD to his net worth, further solidifying his position at the top.
Musk’s ventures extend beyond Tesla and SpaceX. His substantial investment of over $100 million USD into social media platform X has also been pivotal. The platform has emerged as a significant channel for political discourse, particularly for President-elect Donald Trump, making Musk one of the election's key beneficiaries. With a direct line to the White House, Musk is poised to influence policies that impact his diverse portfolio of companies, ranging from Tesla to SpaceX. Over the past decade, these enterprises have secured billions in federal contracts, reinforcing Musk’s dominance in the billionaire rankings.
