Elon Musk Makes History as the First Person to Reach $400 Billion Net Worth, Thanks to Tesla Stock Surge and Trump Support
According to the Bloomberg Billionaires Index, Elon Musk, founder of SpaceX and CEO of Tesla, has become the first person in history to reach a net worth of $400 billion. Musk’s net worth has increased due to the current sale of internal shares in SpaceX and the growth in Tesla’s stock.
The share sales include purchasing $1.25 billion worth of shares from employees and insiders. This transaction has led to an increase of approximately $50 billion in his net worth, while SpaceX’s total valuation is now estimated at $350 billion. This valuation strengthens SpaceX’s position as the world’s most valuable private company.
Musk’s wealth is not limited to SpaceX and Tesla. His artificial intelligence company, xAI, has also seen an increase in its valuation. The company’s valuation doubled to $50 billion during its latest funding round in May.
Elon Musk’s Net Worth Reaches ₹37.93 Lakh Crore
According to the Bloomberg Billionaires Index, Elon Musk’s net worth has reached ₹37.93 lakh crore, making him the wealthiest person in the world.
| Rank | Name | Net Worth | Company |
|---|---|---|---|
| 1 | Elon Musk | ₹37.93 Lakh Crore | Tesla |
| 2 | Jeff Bezos | ₹21.13 Lakh Crore | Amazon |
| 3 | Mark Zuckerberg | ₹19.01 Lakh Crore | Meta |
| 4 | Larry Ellison | ₹16.80 Lakh Crore | Oracle |
| 5 | Bernard Arnault | ₹15.36 Lakh Crore | LVMH |
| 6 | Larry Page | ₹14.76 Lakh Crore | |
| 7 | Bill Gates | ₹14.00 Lakh Crore | Microsoft |
| 8 | Sergey Brin | ₹13.83 Lakh Crore | |
| 9 | Steve Ballmer | ₹13.15 Lakh Crore | Microsoft |
| 10 | Warren Buffet | ₹12.22 Lakh Crore | Berkshire Hathaway |
Source: Bloomberg Billionaires Index
Tesla Stock Sees 140% Increase in the Last 6 Months
On Wednesday, Tesla’s stock rose by 5.93%, closing at $424.77. Over the past month, the stock has increased by nearly 30%. In the last 6 months, Tesla’s stock has provided a return of 140%.
Elon Musk’s Net Worth Increases Following Donald Trump’s Victory
Elon Musk’s net worth saw a significant increase after the victory of Republican candidate and former President Donald Trump in the U.S. elections.
According to the Bloomberg Billionaires Index, immediately following the election results, Musk’s net worth surged by $26.5 billion, reaching $290 billion.
Musk spent $119 billion (approximately ₹10 lakh crore) on Trump’s election campaign and actively supported the campaign through promotions on his social media platform, X.
Tesla Was on the Verge of Bankruptcy, But Musk Saved It
Elon Musk founded the electric car company Tesla in 2004. In 2008, there was a time when Tesla was on the brink of bankruptcy.
However, Musk managed to save the company from this tough period, and today, Tesla is a highly successful enterprise. In addition to Tesla, Musk also owns companies like Neuralink, The Boring Company, and Starlink.
Companies Owned by Elon Musk
Elon Musk is the owner of several companies, including the electric car company Tesla and the space company SpaceX. Apart from these, Musk also has stakes in Neuralink, The Boring Company, and Starlink.
Neuralink, Musk’s brain-computer interface company, has been working on a technology that involves implanting neural chips into people’s brains. With this chip, humans will be able to control machines just by thinking, without physical movement. Musk aims to address issues like paralysis and blindness with this technology.
Musk founded The Boring Company on December 17, 2016. This company works on building tunnels to alleviate road traffic congestion and mitigate the effects of weather conditions like rain and storms. In the future, The Boring Company is developing a high-speed Hyperloop for urban transportation, allowing people to travel between cities at high speeds without obstacles.
Another one of Musk’s companies, Starlink, provides satellite communication services, or satcom, offering high-speed internet directly to homes via satellites.
