Elon Musk’s net worth has reached a record-breaking $439.2 billion, according to Bloomberg. This marks the first time a billionaire has surpassed $400 billion in net worth. SpaceX’s recent deal to acquire insider shares is credited for this achievement, valuing the company at $350 billion.
Musk’s personal fortune has been driven by his companies Tesla and xAI, with hundreds of millions of Tesla shares held by Musk himself. The electric vehicle maker’s market capitalization has surged 60% since President-elect Trump’s victory in the November election, leading to speculation about potential investments under the new administration.
Forbes estimated Musk’s worth at $428 billion on Wednesday, following a significant increase in recent years. The billionaire was first associated with the “three-comma club” in 2012, with Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Bernard Arnault ranking among the world’s top five richest individuals until now.
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Source: https://www.foxbusiness.com/business-leaders/elon-musks-net-worth-soars-400-billion-report