Elon Musk Becomes First Person to Reach $400 Billion Net Worth

Musk's wealth surge is driven by SpaceX valuation, Tesla stock gains, and his role in Trump's 2024 presidential victory.

Elon Musk's net worth has reached $400 billion, the highest ever recorded for an individual, according to Bloomberg.
A $1.25 billion insider share purchase raised SpaceX's valuation to $350 billion, solidifying its status as the most valuable private startup globally.
Tesla shares surged over 50% following Donald Trump's 2024 presidential election victory, further boosting Musk's wealth.
Musk's AI company, xAI, recently completed a funding round valuing it at $50 billion, adding to his financial portfolio.
Musk contributed $230 million to Trump’s America PAC and has been tapped to lead a new government efficiency department in the upcoming administration.