The 400-billion-dollar net worth of Elon Musk is the highest ever recorded on earth

Elon Musk has reached a historic financial milestone, becoming the first individual to achieve a net worth of $400 billion, according to Bloomberg. This remarkable leap in wealth, fueled by a nearly $20 billion surge, was largely driven by a deal that boosted SpaceX’s valuation to an estimated $350 billion. The agreement, which involved SpaceX and its investors buying up to $1.25 billion in insider shares, has solidified the rocket company’s dominant position in the industry.

SpaceX has not commented on the matter, maintaining its usual practice of not engaging with media inquiries. Musk’s financial ascent has been particularly rapid since the 2024 U.S. presidential election, with his close alignment with President-elect Donald Trump playing a key role. Musk, who leads Tesla, SpaceX, Neuralink, and xAI, among other ventures, has also taken on a unique role in the new administration. Alongside Vivek Ramaswamy, he will oversee the newly formed “Department of Government Efficiency” (DOGE), humorously named after the popular cryptocurrency.

Tesla’s stock performance has significantly contributed to Musk’s growing fortune. On Wednesday, Tesla shares reached a record high of $424.77, driven by optimism that Musk’s influence within the incoming administration could lead to deregulation, benefiting the electric vehicle giant. Since Election Day, Tesla’s stock has soared by approximately 65%, further cementing Musk’s position as its largest individual shareholder.

Musk’s other ventures have also seen dramatic growth. His AI startup, xAI, doubled its valuation to $50 billion in November following a successful funding round, as reported by the Wall Street Journal. Bloomberg’s Billionaires Index estimates that Musk’s wealth has grown by $136 billion since November 5, a testament to his expanding influence and success across industries.

Even before surpassing the $400 billion mark, Musk held a commanding lead over his peers. On December 10, his wealth was already $140 billion ahead of Amazon founder Jeff Bezos, the world’s second-richest individual. Despite a Delaware court recently rejecting Musk’s $101 billion Tesla pay package, which is now valued at $120 billion due to Tesla’s stock price, his wealth continues to soar. With his dynamic ventures and strategic positioning, Musk is poised for even greater financial achievements in the years to come.