Elon Musk Becomes the First Person to Reach $400 Billion in Wealth

Elon Musk, the mastermind behind SpaceX and Tesla, has made history by becoming the first person to amass a net worth of over $400 billion. According to the Bloomberg Billionaires Index, Musk’s fortune has soared to an incredible $447 billion, thanks to a major boost from SpaceX and a surge in Tesla’s stock price.

What’s Driving the Numbers?

A recent insider share sale at SpaceX played a big part in Musk’s wealth jump, adding a whopping $50 billion to his fortune. This transaction values SpaceX at $350 billion, making it the most valuable private company in the world.

Meanwhile, Tesla’s stock has also been on fire, hitting a record-high price of $415. Investors are feeling confident about Tesla’s future in electric vehicles and clean energy, which helped fuel the rally.

A Broader Boost for Musk

Musk’s wealth isn’t just tied to SpaceX and Tesla. His artificial intelligence company, xAI, has been turning heads too. The company’s valuation doubled to $50 billion after its latest funding round, attracting global investor attention for its cutting-edge AI innovations.

Challenges Along the Way

Despite these record-breaking milestones, it hasn’t all been smooth sailing. A Delaware court recently struck down Musk’s $100 billion Tesla pay package, marking a rare legal setback for the billionaire. However, this hasn’t slowed him down.

Leading the Billionaire Pack

As of December 10, Musk’s net worth is $140 billion ahead of Jeff Bezos, the second-richest person in the world. In just over a month, Musk has added $136 billion to his wealth, cementing his place at the top of the billionaire rankings.

Elon Musk continues to push boundaries in space, technology, and clean energy—and now, in wealth too. With his ventures booming, it seems like this is just the beginning of more milestones ahead.