Elon Musk becomes first person to reach net worth of $400B – Charm

Now that’s a lot of zeroes.

Elon Musk − whose wealth and influence have skyrocketed since President-elect Donald Trump’s victory – is the first person to reach $400 billion in net worth.

The Tesla CEO was already the world’s richest person. The Bloomberg Billionaires Index said Musk’s fortune has increased 77% since the November election to $447 billion. That’s more than Jeff Bezos and Bill Gates combined.

Musk, 53, got a one-day bump of $62.8 billion, in part, from an insider share sale at SpaceX that valued the privately held space exploration startup at about $350 billion. Tesla shares – which account for most of Musk’s wealth – also rallied to a record high Wednesday.

According to Bloomberg, Musk has added about $218 billion to his net worth since the beginning of 2024.

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Musk, who shelled out over $100 million and turned his social media platform X into an online megaphone to get out the vote for Donald Trump, has emerged as one of the presidential election’s biggest winners.

He has developed a close relationship with Trump and has been tapped to take a key position in the new administration as co-lead of the Department of Government Efficiency.

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