Current:Home > ScamsElon Musk's skyrocketing net worth: He's the first person with over $400 billion -AssetPath
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
View
Date:2025-04-15 02:25:47
Now that’s a lot of zeroes.
Elon Musk − whose wealth and influence have skyrocketed since President-elect Donald Trump’s victory – is the first person to reach $400 billion in net worth.
The Tesla CEO was already the world’s richest person. The Bloomberg Billionaires Index said Musk’s fortune has increased 77% since the November election to $447 billion. That’s more than Jeff Bezos and Bill Gates combined.
Musk, 53, got a one-day bump of $62.8 billion, in part, from an insider share sale at SpaceX that valued the privately held space exploration startup at about $350 billion. Tesla shares – which account for most of Musk’s wealth – also rallied to a record high Wednesday.
According to Bloomberg, Musk has added about $218 billion to his net worth since the beginning of 2024.
Holiday deals:Shop this season’s top products and sales curated by our editors.
Musk, who shelled out over $100 million and turned his social media platform X into an online megaphone to get out the vote for Donald Trump, has emerged as one of the presidential election’s biggest winners.
He has developed a close relationship with Trump and has been tapped to take a key position in the new administration as co-lead of the Department of Government Efficiency.
While he will not work inside the government, Musk will have a direct line to the White House and significant sway over government policy and the federal agencies that oversee his constellation of six companies from Tesla to SpaceX, which have been awarded billions in federal contracts over the past decade.
Last week a Delaware judge struck down his 2018 pay package at Tesla valued at more than $100 billion for a second time. Tesla said it would appeal the decision.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (3168)
Related
- Rylee Arnold Shares a Long
- Soleil Moon Frye pays sweet tribute to late ex-boyfriend Shifty Shellshock
- 2024 French election begins, with far-right parties expected to make major gains in parliament
- Restricted view seat at Taylor Swift's Eras Tour offers behind-the-scenes perk
- All That You Wanted to Know About She’s All That
- Soleil Moon Frye pays sweet tribute to late ex-boyfriend Shifty Shellshock
- How can you be smarter with your money? Follow these five tips
- Documenting the history of American Express as an in-house historian
- Trump's 'stop
- I grew up without LGBTQ+ role models. These elders paved the way for us to be ourselves.
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Restricted view seat at Taylor Swift's Eras Tour offers behind-the-scenes perk
- Two Colorado residents die in crash of vintage biplane in northwestern Kansas
- Usher reflects on significance of Essence Fest ahead of one-of-a-kind 'Confessions' set
- Small twin
- Record-smashing Hurricane Beryl may be an 'ominous' sign of what's to come
- North Carolina government is incentivizing hospitals to relieve patients of medical debt
- Child care in America is in crisis. Can we fix it? | The Excerpt
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
House Republicans sue Attorney General Garland over access to Biden special counsel interview audio
New clerk sworn in to head troubled county courthouse recordkeeping office in Harrisburg
Hurricane Beryl makes landfall as extremely dangerous Category 4 storm lashing Caribbean islands
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Trump seeks to set aside New York verdict hours after Supreme Court ruling
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Monkey in the Middle
Child care in America is in crisis. Can we fix it? | The Excerpt