Elon Musk Becomes the First Person to Achieve a Net Worth of $400 Billion USD

As the wealthiest person globally, Elon Musk consistently establishes records with ever elevated benchmarks.

Bloomberg

Bloomberg reports that the Tesla CEO has achieved a historic milestone by becoming the first individual to attain a net worth of $400 billion USD. The Billionaires Index indicates that Elon Musk's wealth surged by 77% after the November elections, bringing his net worth to $447 billion USD. The figure exceeds the combined net worths of Jeff Bezos and Bill Gates.

This week, Bloomberg reported that Musk's rocket business SpaceX had a significant valuation increase to over $350 million USD, with SpaceX and its investors committing to acquire $1.25 billion USD in insider shares. This resulted in a one-day increase in Musk's net worth of $62.8 billion USD. Since the commencement of 2024, Musk has augmented his net worth by around $218 billion USD.

Musk's investment exceeding $100 million USD in the social media platform X, which has transformed into a prominent outlet for President-elect Donald Trump, positioned Musk as one of the election's most significant beneficiaries. He has successfully established a direct communication channel with the White House and is anticipated to exert considerable influence on governmental policies and federal agencies that regulate his six enterprises, including Tesla and SpaceX. His enterprises have received billions in federal contracts over the previous decade. Musk has surpassed his contemporaries in the billionaire rankings, attaining the foremost position with a record net worth over $400 billion USD.