Elon Musk’s Net Worth Surpasses $400 Billion, Reaching Historic Milestone
Elon Musk has reached a historic financial milestone, with his net worth surpassing $400 billion for the first time, according to the Bloomberg Billionaires Index. The Tesla and SpaceX CEO’s wealth surged to an estimated $440 billion on Wednesday, December 11, 2024, following a significant transaction involving SpaceX. The remarkable increase in Musk’s fortune followed an agreement in which SpaceX and its investors acquired up to $1.25 billion in insider shares, propelling the rocket and satellite company to a valuation of approximately $350 billion. This deal contributed an impressive $50 billion to Musk’s personal wealth. Musk’s achievement further cements his position as the world’s richest person, highlighting his continued dominance in the tech and aerospace industries. His companies, Tesla and SpaceX, have played pivotal roles in driving this extraordinary growth, solidifying his place in history as one of the most influential entrepreneurs of the modern era.
