Tesla and SpaceX CEO Elon Musk, 53, has reached more than $400 billion in net worth, the highest ever for an individual, per Bloomberg. This comes despite a Delaware judge’s decision last week to void Musk’s $56 billion Tesla pay package.
Several factors have helped the world’s richest person reach the feat.
On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion of shares from employees and other insiders at the privately held company, which led to Musk’s net worth increasing by $50 billion. Tesla’s stock is up about 65% since just before the election with Musk’s role at the soon-to-be-created Department of Government Efficiency (DOGE) on investor’s minds.
Related: Want to Work for DOGE? Elon Musk Is Looking for ‘Super High-IQ’ Hires — But There’s a Catch
Then there’s Musk’s artificial intelligence startup, xAI, which has seen its value more than double since May to $50 billion, Bloomberg reported.
This all led to Musk’s total net worth hitting $439.2 billion Wednesday, according to the Bloomberg Billionaires Index.
Amazon founder Jeff Bezos and Facebook founder Mark Zuckerberg have been flip-flopping in the No. 2 and No. 3 spots for some time. Bezos is currently second with $244 billion while Zuckerberg is at $219.
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Erin Davis