Elon Musk, the CEO of Tesla and SpaceX, has recently made history by becoming the first individual to surpass a net worth of $400 billion, according to the Bloomberg Billionaires Index. This remarkable achievement reflects his growing influence and success across multiple ventures, including SpaceX, Tesla, and his AI project, xAI. Musk’s wealth trajectory has been fueled by a combination of insider share sales, stock market performance, and strategic political connections, making him the richest person in the world.
Summary/Static | Details |
Why in the news? | Elon Musk hits ‘historic first’, $400 billion net worth |
Net Worth Milestone | Surpassed $400 billion (Approx. ₹33,938 crores), making Musk the first individual to achieve this feat. |
SpaceX Share Sale | Insider sales of up to $1.25 billion increased SpaceX’s valuation to $350 billion. Musk owns 42% of SpaceX. |
Tesla’s Role | Tesla’s stock price surged by 65% after Trump’s election, with shares reaching $415, adding to Musk’s wealth. |
Political Influence | Musk was appointed co-head of the Department of Government Efficiency (DOGE) under Donald Trump, influencing federal operations and spending. |
xAI Venture | Musk’s AI company, xAI, saw its valuation more than double to $50 billion. |
Wealth Growth | Musk added $136 billion to his wealth since November 2024. |
Wealth Comparison | Musk’s net worth is $140 billion ahead of Jeff Bezos as of December 10, 2024. |
Net Worth Volatility | Musk’s wealth has fluctuated due to Tesla stock price changes, with estimates ranging from $369 billion (Forbes) to $439.2 billion (Bloomberg). |
Legal Setbacks | A Delaware court rejected Musk’s $100 billion Tesla pay package, but his wealth remains largely unaffected. |
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