Elon Musk Becomes First Person to Hit $400 Billion Net Worth
Markets Desk | December 12, 2024
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World’s richest person Elon Musk has achieved another milestone.
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Musk became the first person in history to amass a net worth exceeding $400 billion.
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Surge in his net worth was led by Tesla, SpaceX and in his artificial intelligence venture, xAI.
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Musk’s fortune was estimated at over $400 billion by both Bloomberg and Forbes.
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According to Bloomberg, his net worth saw a record one-day surge of $62.8 billion, largely due to the SpaceX buyback deal.
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Musk’s artificial intelligence startup, xAI, has also seen its valuation more than double to $50 billion, driven by renewed investor interest following Trump’s electoral victory.
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The company raised funds in May and continues to attract significant attention in the burgeoning AI space.
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Experts say that by diversifying beyond the electric automotive sector, Musk’s portfolio has proven more resilient and versatile, especially amid the political changes in the US.
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Musk’s latest financial achievement surpasses his 2021 milestone, when he became the first person in history to surpass a $300 billion fortune.
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