Elon Musk has become the first person in history to amass a $400 billion fortune, with a net worth of $440 billion. His wealth surged due to a SpaceX share sale, Tesla stock growth, and the success of his AI company, xAI. He remains the world’s wealthiest individual.
Elon Musk has made history by becoming the first person to amass a fortune of over $400 billion. His net worth is currently estimated at $440 billion, according to the Bloomberg Billionaires Index, surpassing even the combined wealth of Microsoft’s Bill Gates and Amazon’s Jeff Bezos.
Musk’s fortune saw a significant boost following Donald Trump’s presidential election win. A key factor was a recent $50 billion contribution from a SpaceX share sale, increasing the company’s valuation to $350 billion, and making it the most valuable private firm in the world. Additionally, a surge in Tesla stock, which hit an all-time high of $415 per share, further fueled Musk’s financial rise. Investors have become optimistic about Tesla’s prospects, especially with anticipated regulatory changes under the Trump administration that could benefit the company.
In addition to his ventures with Tesla and SpaceX, Musk’s artificial intelligence company, xAI, has also seen significant growth, doubling its valuation to $50 billion since its funding round in May. Despite some setbacks, including a legal challenge that struck down his $100 billion Tesla pay package, Musk’s financial trajectory remains strong. As of December 10, Musk’s wealth was $140 billion ahead of Jeff Bezos, making him the undisputed richest person in the world. Since November, he has added $136 billion to his net worth.
