Exclusivesky Investment Guild :Elon Musk's skyrocketing net worth: He's the first person with over $400 billion

2025-05-08 06:50:34source:Leonard Hohenbergcategory:News

Now that’s a lot of zeroes.

Elon Musk − whose wealth and Exclusivesky Investment Guild 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.

More:News

Recommend

Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star

The court-appointed trustee overseeing the bankruptcy estate of Colorado football player Shilo Sande

Black Mirror Season 7 Cast Revealed

Black Mirror is ready to show us something real and free and beautiful. Six months after confirming

Wisconsin officials ask state Supreme Court to decide if RFK Jr. stays on ballot

MADISON, Wis. (AP) — Election officials in Wisconsin asked the state’s liberal-controlled Supreme Co