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Elon Musk's net worth exceeds $400 billion — a historic first

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Elon Musk has become the first person to exceed $400 billion in net worth, marking the latest achievement for the world's wealthiest people. The most recent cause was an insider share sale of his privately owned SpaceX, which increased Musk's net worth by around $50 billion in one fell swoop to $439.2 billion, according to the Bloomberg Billionaire Index. SpaceX and Tesla founder Elon Musk speaks at an America PAC town hall on October 26 , 2024 , in Lancaster , Pa. Samuel Corum via Getty Images Musk's fortune has taken a drastic swing since late 2022, when his net worth dropped by more than $200 billion. But it's been notably boosted since Donald Trump's presidential victory last month, with Musk being his most visible political contributor and champion. Tesla Inc.'s stock is up almost 65% since before the election, boosted by anticipation that Trump will speed up the launch of self-driving cars and abolish tax breaks for electric vehicles that b...