World
Elon Musk Shatters Records, Becomes First to Surpass $400 Billion in Net Worth
Tesla and SpaceX’s soaring stocks propel Musk’s wealth to unprecedented levels
- Tesla and SpaceX stock prices surge, boosting his fortune beyond $400 billion
- A 5.9% increase in Tesla’s stock price drives Musk's wealth to new heights
- A $1.25 billion investment propels SpaceX as the world’s most valuable private venture
Elon Musk, the visionary behind companies like Tesla, SpaceX, and X, has reached an unprecedented milestone as his net worth exceeds $400 billion.
This week, his fortune hit $429.2 billion, according to Forbes’ Real-Time Billionaires list, driven by record-breaking stock prices for both Tesla and SpaceX.
With Tesla shares jumping 5.9% to a record high of $425 and SpaceX’s valuation surging to $350 billion, Musk solidifies his position as the world’s wealthiest individual.
His wealth growth is further fueled by the rise of Tesla stocks, which have skyrocketed more than 70% this year, bolstered by political developments such as Donald Trump’s re-election and announcements involving Musk’s potential government roles.
