While he might not be the most well-loved billionaire in the world, there’s no denying that Elon Musk is one of the most powerful. Recently, the Tesla founder further proved his worth as he’s now the first billionaire to reach a significant milestone.
According to Bloomberg, Elon’s net worth recently reached US$400 billion (approximately RM1.7736 trillion), making him the first person in the world to cross that threshold. The billionaire’s newly-reported net worth is from many recent business deals, including one that shot up the valuation of his rocket company, SpaceX, to roughly US$350 billion (approximately RM1.5519 trillion). This deal resulted in Elon’s net worth jumping by nearly US$20 billion (approximately RM88.5 billion) from his previous net worth.
The world’s current richest person also enjoyed a surge in his fortune following the 2024 US presidential election. His controversial alliance with President-elect Donald Trump pushed his ventures, notably Tesla and SpaceX, to the forefront. Besides these two companies, the 53-year-old also owns X (formerly known as Twitter) and is the CEO of neurotechnological company Neuralink, AI company xAI, and construction company The Boring Company.
Elon currently tops Bloomberg’s Billionaires Index and is far richer than his wealthy peers. Even before breaking the US$400 billion threshold, the businessman was already US$140 billion (approximately RM620 billion) wealthier than the world’s second-richest billionaire, Amazon founder Jeff Bezos. However, it’s worth noting that his new net worth may include the court-rejected US$101 billion (approximately RM447 billion) pay package for Tesla, though it doesn’t seem to put a dent on his overall wealth.
Regardless of what the public might think of him, it seems Elon continues to enjoy his riches. More impressively, it also appears he’ll become significantly more wealthy in the coming years. What are your thoughts on this news?
Source: CNN
