Elon Musk has set a remarkable milestone in the history of the global economy. According to a Bloomberg report, he has become the first person to amass a fortune of $400 billion. The rapid growth in the market valuation of his companies, Tesla and SpaceX, has been the primary driver of this achievement.
Tesla’s share price has surged significantly, bringing its market valuation to $1.315 trillion. Additionally, SpaceX’s recent valuation has climbed to $350 billion, with Musk’s ownership stake directly contributing to his wealth. Furthermore, his artificial intelligence company, xAI, has doubled its valuation to $50 billion.
Musk’s wealth growth has also been influenced by his political involvement. With Donald Trump being re-elected as the President of the United States, Musk’s role in Trump’s campaign is believed to have created a favorable business environment for his ventures.
However, Forbes estimates Musk’s current net worth at $368 billion. He is followed by Jeff Bezos ($244 billion) and Larry Ellison ($233 billion) on the list of the world’s richest individuals. Elon Musk’s unprecedented success continues to be a global topic of discussion.
