CosmicTaco

Elon Musk's Net Worth Hits Historic $400 Billion

CosmicTaco · 2024-12-12T14:32:54.799222+05:30

- Elon Musk's net worth surged past $400 billion, marking a historic milestone and solidifying his position as the world's richest individual. - This increase was fueled by SpaceX's $1.25 billion insider share sale and Trump's election win, driving up Tesla's stock and xAI's valuation. - Musk is set to play a significant role in the Trump administration, boosting investor confidence and securing government contracts for SpaceX. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-12-11/elon-musk-net-worth-tops-400-billion-a-historic-first)

Elon Musk's net worth surged past $400 billion, marking a historic milestone and solidifying his position as the world's richest individual.
This increase was fueled by SpaceX's $1.25 billion insider share sale and Trump's election win, driving up Tesla's stock and xAI's valuation.
Musk is set to play a significant role in the Trump administration, boosting investor confidence and securing government contracts for SpaceX.

Source: Bloomberg