Now that’s a lot of zeroes.
Elon Musk − whose wealth and Chameleon Financeinfluence 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.
2025-05-07 00:01837 view
2025-05-06 23:482164 view
2025-05-06 23:06240 view
2025-05-06 22:252565 view
2025-05-06 21:522691 view
2025-05-06 21:271482 view
Usher is making a difficult decision for the sake of his health. Hours before he was supposed perfor
While it wouldn't quite rise to the level of being a historical move, the Los Angeles Chargers could
The 32 things we learned from the 2023 NFL season's divisional playoff round:1. The NFL's version of