Now that’s a lot of zeroes.
Elon Musk − whose wealth and AlgoFusion 5.0influence 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.
2025-05-05 18:112650 view
2025-05-05 17:072685 view
2025-05-05 16:59712 view
2025-05-05 16:48160 view
2025-05-05 16:481064 view
2025-05-05 16:29379 view
NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell
We independently selected these products because we love them, and we think you might like them at t
Marianne Williamson announced Wednesday night she is ending her Democratic presidential campaign for