Elon Musk Becomes First Person with $400B Net Worth Thanks to SpaceX and Tesla’s Success
The stars have aligned perfectly for Elon Musk, propelling his fortune to otherworldly heights. Musk has become the first person in history to reach a net worth of $447B, driven by rising valuations across his business empire. This milestone comes as Tesla shares hit an all-time high, boosted by expectations that President-elect Trump will accelerate self-driving car deployment and eliminate EV tax credits that primarily benefit competitors.
- SpaceX’s recent $1.25B employee share purchase catapulted its valuation to $350B, making it the world’s most valuable private startup.
- Musk’s artificial intelligence venture xAI has more than doubled in value to $50B since its last funding round in May, adding to his wealth.
The empire strikes back: Musk’s fortunes appear poised for continued growth. As the co-head of the newly established Department of Government Efficiency, he will have direct access to the Oval Office while maintaining control of his expanding business empire. Despite a recent setback when a Delaware judge struck down his $100B Tesla pay package, Musk’s wealth trajectory appears unstoppable, especially with Trump’s pro-business agenda and the anticipated streamlining of regulations.
