Elon Musk’s Fortune Reaches $400 Billion, Bloomberg Says

Elon Musk is a $400 billion man.

The 53-year-old Tesla (TSLA) CEO and serial entrepreneur has develop into the primary individual whose web price has surpassed $400 billion, Bloomberg reported Wednesday.

The bulk of Musk’s web price comes from his stakes in Tesla and the privately held corporations SpaceX, social media platform X, and xAI. Bloomberg stated a current insider share sale of SpaceX “boosted Musk’s web price by roughly $50 billion in a single fell swoop to $439.2 billion.”

Tesla shares hit an all-time excessive Wednesday and have risen practically 70% this yr, leaping since Election Day. Musk is an outspoken backer of Donald Trump and has seen his web price improve by 66% because the election, the report stated.

According to Forbes‘ Real Time Net Worth tracker, Musk is price $369.9 billion.