Elon Musk’s net worth tops $400 billion, a historic first

By our Special Correspondent

Tesla and SpaceX boss Elon Musk's net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone on Wednesday (December 11, 2024) for the world's richest person.

The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion.