Elon Musk has touched alpha as his net worth has reached $400 billion: “Elon Musk, the world’s wealthiest individual, has crossed an extraordinary threshold, becoming the first person to reach a net worth of $400 billion”. He is possibly on his way to $1 trillion.
Musk’s skyrocketing fortune, fueled by a combination of surging Tesla stock prices, SpaceX valuation gains, and strategic positioning in the wake of Donald Trump’s presidential win, is cementing his trajectory toward becoming the world’s first trillionaire—a historic milestone that seems increasingly within reach.
Musk’s net worth surged to $447 billion following an insider share sale of SpaceX, which boosted his fortune by approximately $50 billion, and Tesla’s stock hitting an all-time high of $424.77. His one-day wealth jump of $62.8 billion is the largest on record, according to the Bloomberg Billionaires Index. This remarkable increase underscores Musk’s dominance in wealth accumulation, as he has added $218 billion to his fortune in 2024 alone, outpacing any other billionaire by a wide margin.
That is the news today, but there is another important thing Musk did which few have discussed at scale. Musk bought Twitter (now called X), and opened holes in people’s finances, as the valuation of X has since lost to the gravity of value destruction. But this guy did something uncommon: he moved a huge percentage of shares from xAI (his AI company) to enable those who followed him in Twitter to be made whole. (Those investors are now smiling).
In other words, instead of seeing his Twitter investors crying, Musk said: listen, you trusted me and came along with me. Twitter did not fly because things happened, but I have another better “bird”, take it, and with this, you will be fine.
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Would you NOT invest and support someone with that mindset? He taught me a lesson that no management book can teach: it is beyond the written agreements, to being humans who want the rise of all. What most people do is this: Twitter is ours, xAI is mine. But here: you can see a guy who wants those around him to win with him. I salute that spirit.
In a “historic first,” Elon Musk’s net worth has surpassed $400 billion. “The latest milestone for the world’s richest individual” follows an insider share sale reported to value his rocket and satellite company SpaceX at about $350 billion, reports Bloomberg, citing an internal email. That’s a big jump from an expected valuation of about $255 billion a month ago, and nearly double its valuation a year ago. The number puts SpaceX on par with some of the world’s largest publicly traded companies. Musk’s other primary assets — Tesla and xAI — recently reached records of their own.
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