Elon Musk has become the first person to surpass $400 billion in net worth, solidifying his position as the world’s richest individual. According to the Bloomberg Billionaires Index, Musk’s fortune has reached $447 billion, marking significant growth since the US presidential election last month.
The recent surge in Musk’s wealth is attributed to an insider share sale of his private space exploration company, SpaceX, which reportedly added around $50 billion to his fortune. Additionally, Tesla shares reached an all-time high on Wednesday, further boosting his financial standing.
Musk’s increasing wealth highlights the rising value of his ventures, particularly in the electric vehicle and space sectors, as Tesla and SpaceX continue to lead their respective markets. Amazon founder Jeff Bezos is a distant second on the list with a total worth of $249 billion and Mark Zuckerberg is a close third at $224 billion.
