Elon Musk’s net worth has surpassed $400 billion this week, reaching a new milestone as the world’s richest person. The founder or owner of seven companies, including Tesla, SpaceX, and X, Musk’s wealth hit $429.2 billion according to Forbes’ Real-Time Billionaires list, following record-high stock prices for Tesla and SpaceX.
Amazon founder Jeff Bezos follows with a net worth of $244 billion, while Oracle founder Larry Ellison is estimated at $220 billion.
Tesla shares reached an all-time high of $425 on Wednesday, rising 5.9%. The company has seen a more than 70% increase in stock price this year, fueled by a surge after the re-election of Donald Trump as US president. Tesla shares also rose more than 67% following Trump’s victory.
In addition, SpaceX’s valuation grew to $350 billion with a new $1.25 billion share purchase agreement, solidifying its position as the world’s most valuable private venture.
