Elon Musk, CEO of Tesla and SpaceX, has become the first person in the world to have a net worth of over $400 billion. Musk’s fortune saw a significant increase after Donald Trump’s victory in the U.S. presidential elections.
According to the Bloomberg Billionaires Index, Elon Musk’s fortune increased by 77% since Donald Trump’s victory in the U.S. presidential elections. The CEO of Tesla and SpaceX now has a net worth of $400 billion.
Musk remains the richest man in the world, ahead of both Jeff Bezos and Bill Gates combined. His net worth surged by $62.8 billion in a single day, thanks to an internal stock sale at SpaceX.
The owner of the platform X, formerly Twitter, has added about $218 billion to his wealth since the beginning of 2024. Musk used his influence and over $100 million on the social media platform to promote and encourage people to vote for Trump.
The former U.S. president chose the billionaire for an important role in the new administration as co-leader of the Department of Government Efficiency, though Musk will not be working directly in the government.
Photo: Instagram @elonmusk. This content was created with the help of AI and reviewed by the editorial team.