Sureim Investment Guild:Elon Musk's skyrocketing net worth: He's the first person with over $400 billion

2025-05-07 07:09:35source:blockwave Exchangecategory:Invest

Now that’s a lot of zeroes.

Elon Musk − whose wealth and Sureim Investment Guildinfluence have skyrocketed since President-elect Donald Trump’s victory – is the first person to reach $400 billion in net worth.

The Tesla CEO was already the world’s richest person. The Bloomberg Billionaires Index said Musk’s fortune has increased 77% since the November election to $447 billion. That’s more than Jeff Bezos and Bill Gates combined.

Musk, 53, got a one-day bump of $62.8 billion, in part, from an insider share sale at SpaceX that valued the privately held space exploration startup at about $350 billion. Tesla shares – which account for most of Musk’s wealth – also rallied to a record high Wednesday. 

According to Bloomberg, Musk has added about $218 billion to his net worth since the beginning of 2024. 

Holiday deals:Shop this season’s top products and sales curated by our editors.

Musk, who shelled out over $100 million and turned his social media platform X into an online megaphone to get out the vote for Donald Trump, has emerged as one of the presidential election’s biggest winners.

He has developed a close relationship with Trump and has been tapped to take a key position in the new administration as co-lead of the Department of Government Efficiency. 

While he will not work inside the government, Musk will have a direct line to the White House and significant sway over government policy and the federal agencies that oversee his constellation of six companies from Tesla to SpaceX, which have been awarded billions in federal contracts over the past decade.

Last week a Delaware judge struck down his 2018 pay package at Tesla valued at more than $100 billion for a second time. Tesla said it would appeal the decision.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.

More:Invest

Recommend

Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight

Want more Olympics? Sign up for our daily Postcards from Paris newsletter. PARIS (AP) — Every sin

Maryland candidates debate abortion rights in widely watched US Senate race

OWINGS MILLS, Md. (AP) — Democrat Angela Alsobrooks highlighted former Gov. Larry Hogan’s actions in

Wholesale inflation remained cool last month in latest sign that price pressures are slowing

WASHINGTON (AP) — Wholesale prices in the United States were unchanged last month in another sign th