Elon Musk has reached a historic milestone by becoming the first person to reach a net worth of over $400 billion, according to the Bloomberg Billionaires Index. This surge in his wealth is largely attributed to an insider share sale at SpaceX and rising Tesla shares.
Musk’s fortune has increased significantly since President-elect Donald Trump’s victory, with a 77% growth. The billionaire’s overall net worth now surpasses $10 trillion when combined with that of the world’s other 499 richest individuals.
Source: https://www.bloomberg.com/news/articles/2024-12-11/elon-musk-net-worth-tops-400-billion-a-historic-first