Less than a week after becoming the first person to have more than 400 billion USD, billionaire Elon Musk continued to set a new record with his assets reaching the 500 billion USD mark on December 17.
Tesla’s boss’s net worth has been breaking records in recent times. Photo: Reuters .
According to India Times , since Donald Trump was elected President of the United States in early November, billionaire Elon Musk has continued to break personal records. On December 11, the Tesla CEO’s net worth surpassed the $400 billion mark for the first time , making him the first person in the world to reach this milestone.
According to CNBC, Elon Musk’s significant stake in SpaceX, the pioneering aerospace company he established, is considered the primary driver behind this substantial surge in his net worth. The rapid growth and success of SpaceX, fueled by its groundbreaking advancements in space exploration and its expanding portfolio of contracts and partnerships, have played a pivotal role in propelling Musk’s wealth to unprecedented heights.
According to Forbes’ Billionaire Index, Elon Musk’s net worth is presently estimated to be approximately $369 billion, solidifying his position as the wealthiest individual in the world. Following Musk in the rankings is Jeff Bezos, the founder of Amazon, who holds the second spot on the list, while Larry Ellison, the founder of Oracle, secures the third position. This ranking underscores the immense financial success of these entrepreneurs, each of whom has significantly influenced their respective industries, from e-commerce and cloud computing to software and space exploration. Their achievements highlight the transformative impact of innovation and leadership in shaping global markets.
