Elon Musk has become the first person to reach a $400 billion net worth, driven by a surge in his wealth following Donald Trump’s election victory. A significant $50 billion boost came from a SpaceX share sale, bringing Musk's fortune to $447 billion. Tesla’s stock hit a record high, pushing Musk's wealth up by $62.8 billion in one day. The combined wealth of the world’s 500 richest people surpassed $10 trillion, the largest increase of any billionaire in 2024. Musk's AI startup, xAI, grew to $50 billion, and his influence expanded with his new role in government efficiency.
first published: Dec 12, 2024 06:28 pm
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