Elon Musk Becomes First Person Worth Over $400 Billion

Elon Musk has become the first public figure to surpass a net worth of $400 billion, currently estimated at $429.2 billion according to Forbes. His wealth has surged primarily due to the success of Tesla and SpaceX, with Tesla shares hitting new highs post-election, contributing significantly to his fortune. Musk's net worth increased by approximately $63 billion in a single day, largely fueled by a 6% rise in Tesla stock and a valuation leap for SpaceX to $350 billion. His financial growth has also been bolstered by other ventures like xAI and Neuralink, reflecting substantial investor confidence in his companies. Musk's wealth now exceeds the combined market caps of major cryptocurrency projects such as Tether, Solana, and XRP, showcasing his financial dominance in various sectors. As a close advisor to Donald Trump and with growing influence in political circles, Musk's financial and political clout continues to expand.