Elon Musk, the CEO of SpaceX and Tesla, has achieved a historic milestone, becoming the first person in history to ever hit a staggering net worth of $400 billion. This monumental feat was fuelled by a recent insider share sale at SpaceX, coupled with the surge in Tesla’s stock price following the US Presidential election results, reported Bloomberg.
According to the Bloomberg Billionaires Index, Musk’s net worth has reached the whooping figure of $447 billion. Elon Musk’s net worth experienced a significant decline of over $200 billion in late 2022. However, following Donald Trump’s presidential election win last month, Musk’s wealth surged dramatically.
Tesla Inc.’s stock price has surged by approximately 65% since the pre-election period, driven by market expectations that Donald Trump’s administration will implement policies favorable to the self-driving cars, reported Bloomberg.
Additionally, SpaceX and its investors have agreed to purchase $1.25 billion worth of shares from the company’s employees and insiders. This deal values the privately held aerospace giant at a staggering $350 billion, making it the world’s most valuable private startup.
Elon Musk Makes History: Top 10 Richest People
Here’s the table of the top 10 richest people, including their net worth, country, and industry:
| Rank | Name | Total Net Worth | Country | Industry |
|---|---|---|---|---|
| 1 | Elon Musk | $447 Billion | United States | Technology |
| 2 | Jeff Bezos | $249 Billion | United States | Technology |
| 3 | Mark Zuckerberg | $224 Billion | United States | Technology |
| 4 | Larry Ellison | $198 Billion | United States | Technology |
| 5 | Bernard Arnault | $181 Billion | France | Consumer |
| 6 | Larry Page | $174 Billion | United States | Technology |
| 7 | Bill Gates | $165 Billion | United States | Technology |
| 8 | Sergey Brin | $163 Billion | United States | Technology |
| 9 | Steve Ballmer | $155 Billion | United States | Technology |
| 10 | Warren Buffett | $144 Billion | United States | Diversified |
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