Elon Musk becomes the first person to cross the $400 billion net worth milestone

Elon Musk, the CEO of Tesla and SpaceX, has achieved a remarkable feat, becoming the first person in history to surpass a $400 billion net worth. According to a report from Bloomberg, Musk’s wealth skyrocketed by $62.8 billion due to a significant surge in Tesla stock prices, pushing his total net worth to $447 billion.

This year alone, Musk’s fortune has surged by an unprecedented $218 billion, setting a new record for the fastest wealth increase ever. The substantial rise in his assets has been largely attributed to the robust performance of Tesla in the stock market, along with other ventures like SpaceX.

The extraordinary growth in Musk’s wealth has been particularly noticeable since the U.S. presidential elections, with the billionaire seeing his fortune increase at a remarkable pace. His dominance in the global wealth rankings is a testament to the massive influence of his companies in both the automotive and aerospace industries.

As of now, Musk remains one of the world’s most influential entrepreneurs, revolutionising electric vehicles and space exploration while reshaping multiple industries.