Mr Viral
Foreign
Elon Musk has made history as the first individual to reach a staggering net worth of $400 billion, according to Bloomberg. This groundbreaking achievement is driven by the soaring valuation of SpaceX, his rocket company, which recently reached approximately $350 billion after a significant insider share sale.
Musk, who also leads Tesla, Neuralink, The Boring Company, and xAI, has seen his wealth grow by nearly $20 billion in just a few weeks. Tesla’s stock has also hit record highs, closing at $424.77 on Wednesday, contributing significantly to his financial milestone.
His wealth has been further bolstered since the 2024 US presidential election, with investors optimistic about his influence in the Trump administration and potential deregulation that could favor Tesla. Additionally, a recent funding round for xAI more than doubled its valuation, adding another boost to Musk’s fortune.
He now outpaces Amazon founder Jeff Bezos by over $140 billion, solidifying his position as the world’s wealthiest person.
This historic milestone highlights Musk’s influence in the tech and space sectors, showcasing his ability to redefine industries and set new benchmarks. The world watches with anticipation as he continues to innovate and achieve the extraordinary.
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