Elon Musk becomes the first person in the world to own a net worth of 400 billion USD

(CLO) According to Bloomberg, billionaire Elon Musk's net worth has reached $400 billion, making him the first person to surpass that milestone.

Billionaire Musk's wealth has once again skyrocketed thanks to investors agreeing to buy back a large amount of SpaceX's internal stock. This deal has boosted SpaceX's value to approximately $350 billion, allowing Musk to earn an additional $20 billion from his substantial stake in the aerospace company.

Billionaire Elon Musk. Photo: Reuters

Since his crucial role in supporting Donald Trump's victory in the 2024 US presidential election, billionaire Musk has seen a significant increase in his personal wealth. This is because investors believe that the companies he owns will thrive, leading them to continuously buy back shares of these companies.

Elon Musk is currently the CEO of Tesla and SpaceX, as well as the owner of the social network X and the CEO of other companies such as Neuralink, xAI, and The Boring Company. Additionally, he has been nominated by President-elect Donald Trump to head the Department of Government Effectiveness (DOGE).

Tesla shares also hit a new record high, closing at $424.77 on Wednesday, delivering a significant profit for Elon Musk, the company's largest shareholder. This event occurred amidst a booming US stock market, with the NASDAQ index surpassing the 20,000-point mark for the first time.

Since the US election, Tesla's stock has risen by approximately 65%. Investors expect that billionaire Musk's influence in the Trump administration will create a more favorable business environment, particularly through the easing of regulations.

Elon Musk's artificial intelligence startup, xAI, also doubled in value in November, reaching $50 billion in a new funding round, according to the Wall Street Journal.

Although the billionaire rankings are constantly changing, Elon Musk maintains a significant lead over his competitors. Before his net worth reached $400 billion, he was already $140 billion richer than Jeff Bezos, who ranked second.

Ha Trang (according to CNN)

Source: https://www.congluan.vn/elon-musk-khong-ngung-hot-bac-sau-bau-cu-my-da-cham-moc-400-ty-usd-post325322.html