Elon Musk has become the first person to reach a net worth of $400 billion, setting a new milestone for wealth. The recent catalyst for this surge was an internal stock sale by SpaceX, which significantly boosted Musk's net worth by approximately $50 billion to $439 billion, according to the Bloomberg Billionaires Index.
In late 2022, Musk's wealth had dropped by over $200 billion. However, following Trump's recent election victory, Musk, as a major supporter, saw his net worth skyrocket. SpaceX and its investors agreed to purchase $1.25 billion in stock from employees and insiders, valuing the company at around $350 billion, making it the most valuable private startup globally.
