Elon Musk, the founder of Tesla and SpaceX, has officially crossed a historic financial milestone, becoming the first person in history to amass a net worth of $400 billion.
A key factor driving Musk’s astronomical rise in wealth was a recent insider share sale of his private aerospace company, SpaceX. This move added an eye-popping $50 billion to his fortune, according to the Bloomberg Billionaires Index.
On top of that, Tesla’s stock price soared to an all-time high this week, contributing even more to Musk’s fortune. As a result, his net worth now stands at a staggering $447 billion.
Musk’s journey to this record-breaking achievement has been closely tied to the success of both SpaceX and Tesla, two companies that have revolutionized their respective industries. His net worth surge also highlights the growing influence of tech moguls in shaping the global economy.
