Elon Musk Sets New Record By Amassing $400B Fortune

CEO of Tesla and founder of SpaceX, Elon Musk has become the first person in history to amass a fortune of more than $400 billion.

His net worth currently stands at around $440 billion (£345 billion), according to the Bloomberg Billionaires Index, more than that of Microsoft founder, Bill Gates and Amazon’s Jeff Bezos combined.

Elon’s fortune has boomed in the weeks following Donald Trump’s victory in the US presidential election, and a recent share sale at SpaceX played a key role in this milestone, contributing roughly $50 billion to Musk’s wealth and boosting SpaceX’s valuation to $350 billion, making it the world’s most valuable private company.

This increase, combined with a surge in Tesla’s stock price, pushed Musk’s net worth to $447 billion.

WOW.

Elon Musk FRS is a business magnate, industrial designer and engineer. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He was elected a Fellow of the Royal Society (FRS) in 2018. Also that year, he was ranked 25th on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. A centi-billionaire, Musk became the richest person in the world in January 2021.

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk (née Haldeman), a model and dietitian born in Saskatchewan, Canada, but raised in South Africa.

His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer.