{"id":135997,"date":"2024-12-12T00:47:51","date_gmt":"2024-12-11T17:47:51","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=135997"},"modified":"2024-12-12T00:47:51","modified_gmt":"2024-12-11T17:47:51","slug":"elon-musks-net-worth-tops-400-billion-a-historic-first","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=135997","title":{"rendered":"Elon Musk\u2019s Net Worth Tops $400 Billion, a Historic First"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->(Bloomberg) &#8212; Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world\u2019s richest individual.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Most Read from Bloomberg<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The most recent catalyst was an insider share sale of his privately held SpaceX, which boosted Musk\u2019s net worth by roughly $50 billion in one fell swoop to $439.2 billion, according to the Bloomberg Billionaires Index.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Musk\u2019s fortune has staged a dramatic turnaround since late 2022, when at one point he saw his net worth drop by more than $200 billion. But it\u2019s been especially turbocharged of late after Donald Trump\u2019s election win last month, with Musk being his most prominent political donor and advocate.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Tesla Inc.\u2019s stock is up about 65% since before the election, buoyed by expectations that Trump will streamline the rollout of self-driving cars and eliminate tax credits for electric vehicles that help Tesla\u2019s competitors. Musk is slated to occupy a key role in the new administration as co-head of the newly created Department of Government Efficiency, giving him a bully pulpit in Washington and a direct line to the Oval Office.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Meanwhile, the value of his artificial intelligence startup, xAI, has more than doubled since it last raised money in May to $50 billion, with the Wall Street Journal reporting last month that Trump\u2019s victory helped drive new interest.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion of shares from employees and other company insiders. The deal, which values the privately held space exploration firm at about $350 billion, makes SpaceX the most valuable private startup in the world.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The company makes most of its money on contracts with the US government, and can likely depend on more support under a Trump administration. The president-elect lauded Musk\u2019s vision of putting astronauts on Mars in campaign speeches, and joined Musk at a SpaceX launch in Texas shortly after the election.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Jared Isaacman, Trump\u2019s pick for NASA head, is a billionaire tech executive who made the first commercial spacewalk on a chartered SpaceX launch in September. He praised the company as \u201cthe most innovative, literally impressive organization that I\u2019ve ever seen\u201d last month after investing $27.5 million in SpaceX through his payments firm in 2021.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Musk, 53, was handed a piece of bad news last week when a Delaware judge struck down his 2018 Tesla pay package, currently valued at more than $100 billion, for a second time. Tesla said it would appeal the decision, which Musk described as \u201cabsolute corruption\u201d on X. Even if Musk\u2019s compensation award is ultimately clawed back, he would still be the world\u2019s richest person by a long shot.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8211;With assistance from Tom Maloney and Jack Witzig.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Most Read from Bloomberg Businessweek<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u00a92024 Bloomberg L.P.<!-- HTML_TAG_END --><\/p>\n<\/div><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/elon-musk-net-worth-tops-164108960.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world\u2019s richest individual. Most Read from Bloomberg The most &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=135997\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135997","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135997"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135997\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}