Elon Musk has become the first person to surpass $400 billion in net worth, according to Forbes estimates. As of Wednesday, his assets are valued at an estimated $428 billion, thanks in part to SpaceX and Tesla’s skyrocketing valuations.
The rocket company, valued at $350 billion, has made Musk’s 42% stake worth $147 billion – a significant increase from its previous valuation of $210 billion. This makes SpaceX the most valuable private company in the world, surpassing companies like TikTok parent ByteDance and payments giant Stripe.
Musk’s net worth has increased by over $58 billion since Wednesday, driven largely by SpaceX’s new valuation. His 13% stake in Tesla, excluding options, is now worth nearly $170 billion, while his estimated 54% stake in artificial intelligence startup xAI is valued at an estimated $50 billion.
The recent increase in Musk’s net worth has cemented his position as the world’s richest person, surpassing Amazon founder Jeff Bezos by over $180 billion. Musk’s wealth could continue to grow, potentially making him a trillionaire by the end of the decade if his current growth rate is maintained.
Source: https://www.forbes.com/sites/phoebeliu/2024/12/11/elon-musk-now-worth-more-than-400-billion-worlds-richest-person