Elon Musk Net Worth: Elon Musk, the boss of giant companies like SpaceX, Tesla, has created a new history in terms of wealth acquisition. Elon Musk’s current net worth has crossed $400 billion. Let us tell you that till date, no person’s net worth has crossed $400 billion. According to the Bloomberg Billionaires Index, Elon Musk’s current net worth has reached $447 billion. The latest change in Musk’s wealth is $62.8 billion. Not only this, this year alone, Musk’s net worth has increased by a total of $218 billion.
The property surged after SpaceX bought shares
This incredible surge in Elon Musk’s net worth has come after a significant and large insider sale of shares of his aerospace company SpaceX. Thanks to this share sale, Musk’s net worth has increased by about $50 billion. According to a Bloomberg report, in this recent insider share sale, SpaceX has bought shares worth up to $1.25 billion from employees and company people. After this transaction, SpaceX’s valuation has increased by about $350 billion.
Donald Trump’s victory also contributed significantly in bringing Musk to this position
Donald Trump’s victory in the US presidential election has also played a very important and big role in Elon Musk reaching this milestone. Since Donald Trump’s victory, the shares of Musk’s electric car company Tesla have increased by about 65% and the price of its shares has reached a lifetime high of $415. Let us tell you that Elon Musk has a very close relationship with Donald Trump, who is going to become the President of America for the second time. People who have invested in Musk’s companies hope that their companies will reach new heights during Trump’s reign.