Elon Musk has made historical past as the primary particular person to achieve a staggering web price of $400 billion, in response to Bloomberg. This groundbreaking achievement is pushed by the hovering valuation of SpaceX, his rocket firm, which lately reached roughly $350 billion after a major insider share sale.

Musk, who additionally leads Tesla, Neuralink, The Boring Firm, and xAI, has seen his wealth develop by almost $20 billion in just some weeks. Tesla’s inventory has additionally hit report highs, closing at $424.77 on Wednesday, contributing considerably to his monetary milestone.

His wealth has been additional bolstered because the 2024 US presidential election, with buyers optimistic about his affect within the Trump administration and potential deregulation that might favor Tesla. Moreover, a current funding spherical for xAI greater than doubled its valuation, including one other increase to Musk’s fortune.

He now outpaces Amazon founder Jeff Bezos by over $140 billion, solidifying his place because the world’s wealthiest individual.

This historic milestone highlights Musk’s affect within the tech and area sectors, showcasing his skill to redefine industries and set new benchmarks. The world watches with anticipation as he continues to innovate and obtain the extraordinary.

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