- By Aditya Pratap Singh
- Thu, 12 Dec 2024 09:20 AM (IST)
- Source:JND
Elon Musk Net Worth: The net worth of the world's richest person Elon Musk has exceeded $400 billion (Rs 33938 crore), according to the latest Bloomberg Index report. With this Musk has become the world's first person whose net worth surpassed $400 billion. The soars in Elon Musk; 's net worth came after an internal share sale in his aerospace company SpaceX. SpaceX contributes $50 billion to Elon Musk's net worth.
SpaceX became the world's most valuable start-up company
According to a report in Bloomberg, SpaceX bought shares worth $1.25 billion from its employees and company insiders, valuing the company at $350 billion. Following the development, SpaceX became the world's most valuable private start-up company and Elon Musk's net worth reached $439.20 billion.
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Donald Trump's victory boost
The rally in Elon Musk's net worth benefited from Donald Trump's victory in the US presidential election. Musk openly supported Donald Trump, he even went to address public rallies at various places. After Donald Trump's victory, Tesla's shares soared up to 65 per cent to hit an all-time high of $415. Investors are hopeful that the Trump government will remove the tax on self-driving car companies.
Elon Musk's net worth increased by $136 billion since November 5. Meanwhile, Trump has appointed him in his government. The valuation of Elon Musk's AI company xAI has doubled after the last round of funding. The company last raised funds in May. Then its valuation was $50 billion.