Elon Musk Reaches $400 Billion Milestone and Created History

Elon Musk, the CEO of Tesla and SpaceX, has recently made history by becoming the first individual to surpass a net worth of $400 billion, according to the Bloomberg Billionaires Index. This remarkable achievement reflects his growing influence and success across multiple ventures, including SpaceX, Tesla, and his AI project, xAI. Musk’s wealth trajectory has been fueled by a combination of insider share sales, stock market performance, and strategic political connections, making him the richest person in the world.

Key Points

Surpassing $400 Billion Net Worth

  • Elon Musk has become the first person to exceed a $400 billion net worth, approximately ₹33,938 crores.
  • This milestone was achieved after a significant insider share sale at SpaceX.

SpaceX Insider Share Sale

  • SpaceX conducted an insider share sale of up to $1.25 billion, purchasing shares from employees and insiders.
  • The sale boosted SpaceX’s valuation to $350 billion.
  • Musk owns 42% of SpaceX, which is now the most valuable private startup in the world.

Tesla’s Contribution to Wealth

  • Tesla’s stock price surged by approximately 65% since the election of President-elect Donald Trump, reaching an all-time high of $415.
  • Musk’s wealth was further boosted by positive market sentiment regarding self-driving car regulations.
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