Elon Musk becomes the first person to reach a net worth of $400 billion

Elon Musk has once again set a new milestone, becoming the first individual to achieve a net worth of $400 billion. This historic feat, reported by Bloomberg, is driven by a surge in the valuation of his space exploration company, SpaceX, which is now valued at approximately $350 billion following a significant insider share deal.

Musk’s fortune has soared significantly since the 2024 U.S. presidential election, thanks in part to his alignment with President-elect Donald Trump. His ventures, including Tesla, SpaceX, Neuralink, and the Boring Company, are thriving under this spotlight. Notably, Musk and Vivek Ramaswamy have been tasked with leading the newly formed Department of Government Efficiency (DOGE).

Tesla shares reached a record $424.77 this week, boosted by investor optimism surrounding Musk’s influence on regulatory changes likely to benefit his companies. SpaceX continues to push boundaries, with its Starship rocket achieving milestones that captivate both the public and policymakers.

Beyond business, Musk’s ventures and collaborations remain a topic of intrigue, as his blend of innovation and high-profile engagements cements his position as a transformative figure of the modern era. Whether it’s making history in the financial world or revolutionizing technology, Musk is undeniably shaping the future in unprecedented ways.