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Elon Musk becomes first person with a fortune of over $400 billion

Forbes and Bloomberg assess Musk's growing fortune, supported by Tesla and SpaceX shares

Dec 13, 2024 07:38 114

Elon Musk becomes first person with a fortune of over $400 billion  - 1

Elon Musk is the first person to reach a fortune of over $400 billion, according to estimates by „Forbes“ and „Bloomberg“, DPA reported, BTA reports.

Musk's wealth is mainly due to shares in electric car manufacturer „Tesla“ (Tesla) and aerospace company „SpaceX“ (SpaceX).

According to the American magazine „Forbes“, on Thursday Musk's fortune was estimated at $431.2 billion, while the financial services company „Bloomberg“ estimates it to be worth approximately $447 billion.

The rise in the price of „Tesla“ shares since the US presidential election in November has significantly increased the wealth of the 53-year-old entrepreneur. Investors suggest that „Tesla“ will benefit from Musk's close relationship with US President-elect Donald Trump.

A native of South Africa and now a US citizen, Musk supported Trump with multimillion-dollar donations during the election campaign. According to sources, he will take a position in the Trump administration, which emphasizes his influence not only in business but also in politics.

Musk is a co-founder or owner of a number of companies, including the online platform „Ex“ (X), the developer of AI technologies xAI and the company Neuralink, which works on brain implants.

In second place in wealth is the founder of “Amazon“ (Amazon) Jeff Bezos with an estimated $240 billion.