Elon Musk has become the first person in history to surpass $400,000,000,000 net worth
- by UNILAD
- Dec 12, 2024
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And he even has a role in the White House.
"I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency ('DOGE')," Trump wrote at the time.
The President-Elect went on to explain that the pair would 'pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the 'Save America' Movement'.
As well as Tesla, SpaceX and Twitter, Musk also owns artificial intelligence company xAI, American infrastructure business The Boring Company as well as tech-company Neuralink.
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Musk has incurred $136 billion since President-elect Donald Trump beat Vice-President Kamala Harris at the poles (Brandon Bell/Getty Images)
In its own words, Neuralink states: "We are currently focused on giving people with quadriplegia the ability to control their computers and mobile devices with their thoughts."
Musk also owns a healthy share of cryptocurrency including Dogecoin, designed initially to make a joke of the crypto system using a popular internet meme of a dog.
His upcoming role as the US' head of the new Department of Government Efficiency (DOGE) is actually named after the memecoin.
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Last week, Musk's record-breaking $56bn payout was denied for a second time, with a judge ruling against the richest man in the world.
Musk was set to receive the $56bn in pay from Tesla under a historic compensation package struck in 2018. It was described in court documents as the largest ever seen in public markets.
However, Judge Kathleen McCormick called Tesla’s legal argument ‘fatally flawed’ and at times ‘indefensible’ as she denied the motion in a 101-page opinion.
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