Elon Musk becomes first person to reach $400b net worth
- by The Express Tribune
- Dec 12, 2024
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— Elon Musk (@elonmusk) December 12, 2024
An alliance with President-elect Donald Trump has helped push Musk’s ventures, particularly Tesla and SpaceX, into the spotlight. Musk’s influence, coupled with his position as CEO of multiple high-profile companies such as Neuralink, Boring Company, and his artificial intelligence venture, xAI, has solidified his place as the world’s richest person.
Tesla’s stock has also played a pivotal role in Musk’s financial rise.
On December 11, Tesla shares closed at a record high of $424.77, further elevating Musk’s net worth. The electric vehicle maker’s stock has been on an upward trajectory, climbing by approximately 65% since Election Day, driven by investor optimism that Musk’s influence in the incoming Trump administration will result in deregulatory measures benefiting the company.
SpaceX, one of Musk’s most ambitious ventures, has been a key factor in his growing wealth. The company has achieved remarkable feats in space travel, including the successful launch of the Starship rocket, which Musk envisions as a vehicle for interplanetary travel.
Preparing for Starship 7 https://t.co/nFSqPGbFWw
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