Elon Musk tops world’s richest: $400 billion and rising
Elon Musk has reached a net worth exceeding $400 billion, making him the richest person in the world. This is largely due to a significant increase in Tesla's stock prices and the sale of SpaceX shares. Musk's fortune has also expanded following Donald Trump's victory in the presidential election.
The net worth of Elon Musk, Tesla's CEO, has surpassed $400 billion, according to the billionaire list published by "Forbes."
This impressive growth is a result of a significant rise in Tesla's stock prices, which have increased by 71% this year. On Wednesday, their value reached a record high of $424.9. Musk owns 13% of Tesla's shares, making him the largest shareholder of the company.
Besides Tesla, Musk's fortune has also increased due to an internal sale of SpaceX shares. Investors in the company purchased some of its common stock for $1.25 billion. Musk also leads the tech startup Neuralink and owns the social media platform X and The Boring Company, which specializes in tunnel construction.
Musk at the top of the billionaire list
On the list of the world's wealthiest people, Musk surpasses Amazon's founder, Jeff Bezos, whose fortune amounts to $243.7 billion, and Oracle's co-founder, Larry Ellison, with a net worth of $223.4 billion.
According to Reuters, Musk's companies could benefit from his good relations with President-elect Donald Trump, whose campaign he supported with $250 million.
Moreover, the alliance between the businessman and the 47th President of the USA poses the risk of creating a dangerous oligarchy, and due to the characters of both, it threatens "a tumultuous psychodrama with global ramifications," assessed "Economist."
