Elon Musk Reaches Historic Milestone of $400 Billion Net Worth

Elon Musk has made history by becoming the first person ever to achieve a net worth of $400 billion, as reported by the Bloomberg Billionaires Index.

Approximately 25% of Musk's fortune has accumulated since the election of Donald Trump.

This staggering financial milestone was significantly propelled by a remarkable $50 billion increase in his wealth following an insider share sale from his company, SpaceX.

To put this figure into perspective, it is comparable to owning about 400 of Donald Trump's Mar-a-Lago mansions, which Trump estimated in a 2023 deposition to be worth around $1 billion each.

An increase in Tesla's share price, which peaked at an all-time high of $415, also contributed to Musk's rapid rise in net worth. This combination of events has allowed Musk to widen the gap between himself and other billionaires such as Jeff Bezos, Mark Zuckerberg, and Larry Ellison, who each have approximately half of Musk's wealth.

The SpaceX Surge

Musk's company, SpaceX, is now the most valuable private startup globally and has recently requested government approval to increase its number of launches to 120 annually by 2026. Just weeks ago, SpaceX successfully launched a Falcon 9 rocket that deployed nearly two dozen satellites into orbit.

Back in 2011, the area's leaders predicted a new era of space exploration as SpaceX began its journey. Over 100 private launches from SpaceX have occurred this year alone, with many contributing to U.S. military efforts.

Record-Breaking Growth

Musk's net worth had recently surpassed the $300 billion mark, leading to an extraordinary 33% increase in just one month since Trump’s decisive victory over Kamala Harris. Following this victory, Musk was seen spending several days at Trump's Florida estate, signifying a close relationship with the president-elect.

In addition to his business ventures, Musk has contributed $250 million to Republican campaigns and is now looking to influence federal spending as a co-leader of the newly formed Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy. The two met with Congress to discuss their plans for future government initiatives.

The recent developments in Musk’s wealth exemplify the rapid changes in the business world, showcasing how individual fortunes can shift dramatically in a short period.

Musk, Wealth, SpaceX