Elon Musk, the visionary CEO of Tesla and founder of SpaceX, has made history as the first individual to amass a fortune exceeding $400 billion.
According to the Bloomberg Billionaires Index, Musk’s net worth now stands at an astonishing $440 billion (£345 billion), surpassing the combined fortunes of tech magnates Bill Gates and Jeff Bezos.
This monumental achievement follows a series of financial milestones. A recent share sale at SpaceX contributed around $50 billion to Musk’s wealth, raising SpaceX’s valuation to $350 billion, solidifying its position as the most valuable private company globally. The sharp rise in Tesla’s stock price, which hit an all-time high of $415 per share, further bolstered Musk’s fortune.
Investors have been particularly optimistic about Tesla’s future under the administration of President-elect Donald Trump, anticipating favorable regulatory changes, including advancements in self-driving car policies and tax benefits for clean energy initiatives.
In addition to his success with Tesla and SpaceX, Musk’s AI venture, xAI, has seen its valuation double to $50 billion since May, driven by advancements in artificial intelligence technology.
Despite his groundbreaking financial accomplishments, Musk has faced challenges. A Delaware court recently struck down his $100 billion Tesla pay package, presenting a rare legal hurdle. However, this setback is unlikely to impact his position as the world’s wealthiest individual.
As of December 10, Musk’s net worth is $140 billion ahead of Jeff Bezos, his closest competitor on the Bloomberg Billionaires Index. Since November, Musk has added $136 billion to his wealth, firmly establishing his dominance in the global billionaire rankings.
Musk’s unprecedented rise underscores his influence and the growing global appetite for innovation across electric vehicles, space exploration, and artificial intelligence.
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