Elon Musk’s Net Worth Reaches $400 Billion, Making Him the First Person in History to Surpass This Milestone
The net worth of American billionaire Elon Musk has now reached $447 billion, while the world’s second-richest person, Jeff Bezos, has a net worth of $249 billion, according to the billionaire rankings published by Bloomberg on December 12.
Musk’s net worth surpassed the $400 billion mark, an unprecedented achievement, on December 10. This milestone was driven by a nearly $50 billion leap after a deal boosted the valuation of SpaceX, the company he founded, to $350 billion.
Since Donald Trump’s election as president, Musk’s net worth has skyrocketed. Musk publicly supported Trump in July and later contributed hundreds of millions of dollars to support the Republican candidate’s campaign.
Tesla’s stock reached a record high of $424.77 on December 11, a 67% increase compared to election day on November 5. His artificial intelligence startup, xAI, also doubled in value to $50 billion after a new funding round.
President-elect Trump has nominated Musk, along with entrepreneur Vivek Ramaswamy, to lead the Government Efficiency Board (DOGE), aiming to overhaul the “bloated” federal government apparatus. Musk is racing to finalize a streamlined governance plan by July 2026.
