Elon Musk has become the first person in history to reach a $400 billion net worth, driven by the soaring valuation of SpaceX, now valued at $350 billion, and Tesla’s record-high stock price of $424.77.
Musk’s fortune has surged by $20 billion following strategic ties with President-elect Donald Trump, positioning him as co-head of the new “Department of Government Efficiency” (DOGE). His ventures, including Neuralink, Boring Company, and xAI, have also seen significant growth, with xAI’s valuation doubling to $50 billion in November.
Despite controversies, Musk’s wealth now surpasses Jeff Bezos by $136 billion, cementing his status as the world’s richest person.
