President-elect Trump watched the launch from Texas. It happened before sunset on Tuesday.
Elon Musk Personal wealth rose to a stunning new level.
Bloomberg reported Wednesday His net worth, already greater than anyone else on Earth, has risen to $439.2 billion.
This represents the first ever example of a billionaire crossing $400 billion.
LANCASTER, PA – OCTOBER 26: Elon Musk, founder of SpaceX and Tesla, speaks during a US PAC town hall on October 26, 2024 in Lancaster, Pennsylvania. Musk has donated more than $75 million to America PAC, which he co-founded with colleague Seal (Samuel Corum/Getty Images/Getty Images)
SpaceX A recent deal to acquire insider shares contributed to the feat, according to the outlet. Bloomberg reported that the agreement made the value of the company, which was founded in 2002, amount to $350 billion.
Electric car maker Tesla and artificial intelligence company xAI, both from Musk It works tooplayed a role in his net worth increasing in recent weeks as well, according to the outlet.
Musk owns hundreds of millions of Tesla shares, according to the company’s latest proxy statement.
Shinjuku, Tokyo, Japan – 07/11/2024: Tesla Model Y and Model 3 seen on display at their store in Tokyo. (Photo by Stanislav Kojiko/SOPA Images/LightRocket via Getty Images / Getty Images)
Tesla’s market capitalization It hovered around $1.32 trillion as of late Wednesday afternoon. Its shares posted gains of more than 60% in the wake of President-elect Trump’s victory over Vice President Harris in November’s presidential election.
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| TSLA | Tesla company | 357.09 | +11.93 |
+3.46% |
Elon Musk’s net worth rises after Donald Trump wins the election
Some investors see potential upside for the electric automaker under the incoming Trump administration, FOX Business previously reported.
Forbes Likewise stated Musk had a personal fortune of more than $400 billion on Wednesday. His wealth was estimated at $428 billion.
Elon Musk, billionaire Tesla CEO, at the Viva Tech show in Paris, France, on Friday, June 16, 2023. Musk predicted that Neuralink Corp. She will undergo her first brain transplant later this year. (Nathan Lin/Bloomberg via Getty Images/Getty Images)
The size of Musk’s personal wealth has varied in recent years, first reaching $300 billion in 2021 and most recently in November, according to Forbes.
The media first linked him to the “Three Commas Club” in 2012.
The Bloomberg Billionaires Index showed that the second, third, fourth and fifth richest people in the world were Jeff Bezos, Mark Zuckerberg, Larry Ellison and Bernard Arnault, respectively, as of Wednesday.
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