Elon Musk has achieved a historic milestone by becoming the first person in the world to surpass a net worth of $400 billion.
According to Bloomberg, SpaceX insider trading sales and a surge in Tesla’s stock have contributed significantly to his wealth, with a $62 billion increase recorded in a single day.
On Wednesday, SpaceX and its investors finalized a $1.25 billion share buyback deal from employees and insiders, raising the company’s valuation to $350 billion. This boosted Musk’s net worth by $50 billion.
Besides, Tesla shares experienced a substantial rise, adding another $12 billion to his fortune.
With his total assets now at $447 billion, Musk’s wealth has grown by $183 billion since Donald Trump’s recent political victory. Tesla’s stock, up by more than 72% since December 4, has further fueled this growth, solidifying Musk’s position as the wealthiest person in history.
