Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, has made history by becoming the first individual to amass a fortune exceeding $400 billion.
According to the Bloomberg Billionaires Index, Musk’s net worth has surged to approximately $440 billion, surpassing the combined wealth of tech titans Bill Gates and Jeff Bezos. This remarkable achievement can be attributed to several factors, including a recent SpaceX share sale that added roughly $50 billion to his wealth and a significant rise in Tesla’s stock price.
Tesla’s stock has soared to record highs, fueled by investor optimism about the company’s future in electric vehicles and clean energy, particularly in light of potential regulatory changes under the new US administration. These changes could benefit Tesla, especially in areas like self-driving car regulations and tax policies.
In addition to his ventures in electric vehicles and space exploration, Musk’s artificial intelligence company, xAI, has also experienced significant growth, doubling its valuation to $50 billion.
While Musk’s financial successes are unparalleled, he has faced legal challenges, such as the recent Delaware court ruling that struck down his $100 billion Tesla pay package. However, this setback is unlikely to diminish his status as the world’s wealthiest person.
As of December 10, Musk’s net worth stands $140 billion ahead of Jeff Bezos, solidifying his position at the top of the global billionaire rankings.
