Elon Musk, the visionary CEO of Tesla and SpaceX, has made history as the first individual to achieve a net worth of $400 billion, according to Bloomberg. This unprecedented milestone is largely fueled by SpaceX’s recent valuation surge to approximately $350 billion.
Musk’s net worth saw an extraordinary increase of nearly $20 billion following a broader market rally post the 2024 US presidential election. Shares closed at $424.77, significantly boosting Musk’s fortune.
Beyond Tesla and SpaceX, Musk’s other ventures, such as Neuralink, xAI, and The Boring Company, have also contributed to his growing wealth. Notably, xAI’s valuation more than doubled after a recent funding round, adding to Musk’s financial achievements.
Despite occasional setbacks, including a Delaware court’s rejection of his record-breaking Tesla shareholder-approved pay package, Musk’s wealth continues to outpace his closest competitor, Amazon founder Jeff Bezos, by more than $140 billion.
This milestone underscores Musk’s unparalleled influence in the tech and space industries and represents a landmark moment in the history of wealth creation.
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