Elon Musk has made history by becoming the first person to amass a staggering fortune of over $400 billion. This milestone was achieved thanks to the remarkable performance of his companies, particularly Tesla and SpaceX ¹.
According to Bloomberg, Musk's net worth surged by a record $62.8 billion in one day, driven largely by the SpaceX buyback deal. This deal valued SpaceX at a whopping $350 billion, making it the most valuable private startup globally ².
Musk's wealth is not only a testament to his innovative spirit and entrepreneurial prowess but also a reflection of the growing importance of technology and sustainable energy in our world. As the CEO of Tesla, Musk has been at the forefront of the electric vehicle revolution, and his company's stock has surged by approximately 71% this year ¹.
In addition to Tesla, Musk's other ventures, such as SpaceX and xAI, have also contributed significantly to his wealth. SpaceX's recent valuation of $350 billion and xAI's valuation of $50 billion are a testament to Musk's ability to identify and capitalize on emerging trends and technologies ².
Musk's achievement is not only a personal milestone but also a reflection of the changing landscape of global wealth. As the world's richest person, Musk's net worth is now estimated to be over $440 billion, according to Bloomberg ¹.
References:
¹ Bloomb
erg
² Forbes
³ Mint
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