Elon Musk Makes History as First Person to Achieve $450 Billion Net Worth

Elon Musk has achieved a historic milestone by becoming the first individual to amass a net worth exceeding $400 billion.

Recent updates place his fortune at approximately $450 billion, driven largely by Tesla’s extraordinary stock performance.

Over the past weeks, Tesla's stock surged to a record high of $424.77, marking a six-day rally and reinforcing Musk's position as the wealthiest person globally. This rise added significantly to Tesla’s valuation, now over $1.3 trillion, solidifying its dominance in the electric vehicle market.

A substantial boost also came from SpaceX, where a recent share sale increased the company’s valuation to $350 billion, contributing about $50 billion to Musk’s wealth. These gains have been further complemented by xAI, his artificial intelligence venture, which has doubled in valuation to $50 billion since May 2024.

The optimism surrounding Tesla's future, fueled by the possibility of regulatory changes under the reelected Trump administration, has also encouraged investors. Policies regarding self-driving vehicles and clean energy initiatives are expected to favor Tesla’s growth.

However, Musk has faced challenges, including a recent Delaware court ruling that struck down his $100 billion Tesla pay package. Despite this, his wealth remains unrivaled, surpassing Jeff Bezos by $140 billion on the Bloomberg Billionaires Index.