Elon Musk Becomes the First Person in History with a Net Worth Exceeding $400 Billion
The American entrepreneur and CEO of Tesla and SpaceX, Elon Musk, has become the first person in history to reach a net worth exceeding $400 billion, reports Bloomberg. This significant increase in wealth was driven by the successful sale of SpaceX shares and the rise in Musk's asset values following Donald Trump's victory in the U.S. presidential election.
A key factor was the increase in the valuation of SpaceX, which is currently estimated at $350 billion, making it the most valuable private startup in the world. The sale of a portion of the company's shares boosted Musk's fortune by $50 billion, reaching a record $447.2 billion, according to Bloomberg's billionaire index.
Shares of Tesla, which constitute a large part of Musk's wealth, also rose by 65%, hitting an all-time high. Analysts attribute this to expectations that the new administration will ease regulations on the production of autonomous vehicles and reduce tax incentives for Tesla's competitors.
Additionally, Musk's artificial intelligence startup, xAI, has reached a valuation of $50 billion, further contributing to his wealth increase. Trump's election victory has reportedly attracted new investor interest in Musk's projects, according to the Wall Street Journal.
Musk will also serve as co-head of the new Department of Government Efficiency in the Trump administration. This position will strengthen his influence in Washington and provide access to key decisions made by the White House.
Experts note that Musk, who has publicly supported Trump, is becoming not only a successful businessman but also an influential figure in U.S. political circles.