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Elon Musk, a 400 billion dollar man.
Bloomberg reported that 53-year-old Tesla CEO (TSLA) and serial entrepreneur, Elon Musk has now become the first individual whose net wealth exceeds $400 billion.
Musk’s wealth is largely derived from Tesla and his private companies SpaceX and xAI. Bloomberg reports that a recent SpaceX insider shares sale was made. “boosted Musk’s net worth by roughly $50 billion in one fell swoop to $439.2 billion.”
Tesla’s shares have reached an all-time record on Wednesday. The stock has jumped by almost 70% since Election Day. Musk has been a vocal supporter of Donald Trump, and his net worth increased by 66% after the election.
According to Forbes' Real Time Net Worth tracker, Musk is worth $369.9 billion.
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