{"id":136014,"date":"2024-12-12T01:48:45","date_gmt":"2024-12-11T18:48:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=136014"},"modified":"2024-12-12T01:48:45","modified_gmt":"2024-12-11T18:48:45","slug":"elon-musk-becomes-first-person-to-surpass-400b-net-worth-according-to-bloomberg","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=136014","title":{"rendered":"Elon Musk becomes first person to surpass $400B net worth, according to\u00a0Bloomberg"},"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=\"\">Elon Musk&#8217;s estimated net worth has now surpassed $400 billion, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-11\/elon-musk-net-worth-tops-400-billion-a-historic-first?srnd=homepage-americas\" target=\"_blank\" rel=\"noopener\">according to an estimate from Bloomberg News<\/a> \u2014 the first person ever to reach such a milestone.<\/p>\n<p class=\"\">While the value of shares in Musk&#8217;s Tesla electric car company and robotics group have soared in recent months, it is Musk&#8217;s privately held stake in SpaceX, the rocket company he helped found, that has catapulted his wealth beyond the latest threshold. <\/p>\n<p class=\"\">This week, Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-10\/spacex-share-sale-is-said-to-value-company-at-about-350-billion\" target=\"_blank\" rel=\"noopener\">reported<\/a> that a private sale of SpaceX shares increased the market cap of the firm to approximately $350 billion, making it the most valuable private startup in the world. Musk is said to own 42% of the firm. <\/p>\n<p class=\"\">As Tesla shares hit a new all-time high Wednesday, Musk&#8217;s wealth leapt to some $440 billion, according to Bloomberg. <\/p>\n<p class=\"\">Musk&#8217;s position as world&#8217;s wealthiest person has seen some volatility in recent years amid turbulence in Tesla&#8217;s share price, but he&#8217;s most recently held the No. 1 slot since May. A separate billionaire index tracked by Forbes pegs Musk&#8217;s net worth at about $369 billion, with Amazon founder Jeff Bezos at No. 2 and Oracle founder Larry Ellison at No. 3.<\/p>\n<p class=\"\">Earlier this month, a Delaware judge <a href=\"https:\/\/www.cnbc.com\/2024\/12\/02\/tesla-ceo-elon-musk-loses-bid-to-get-56-billion-pay-package-reinstated.html\" target=\"_blank\" rel=\"noopener\">reaffirmed an earlier ruling that rejected<\/a> a pay package for Musk that had already been approved by Tesla shareholders, citing a conflict of interest in their vote. <\/p>\n<p class=\"\">Yet Musk&#8217;s net worth has climbed even without that compensation deal, which is now worth $100 billion. Musk expressed his disagreement with Judge Kathleen McCormick&#8217;s ruling on the compensation arrangement, stating on his X social media platform: \u201cShareholders should control company votes, not judges.&#8221;<\/p>\n<p class=\"endmark\">Musk spent much of the year focused on the 2024 election: Federal Election Commission filings <a href=\"https:\/\/www.nbcnews.com\/politics\/2024-election\/elon-musk-spent-quarter-billion-dollars-electing-trump-financing-myste-rcna182922\" target=\"_blank\" rel=\"noopener\">show<\/a> he spent nearly a quarter of $1 billion on helping elect Donald Trump to a second term as president. <\/p>\n<\/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:\/\/www.nbcnews.com\/business\/personal-finance\/elon-musk-becomes-first-person-surpass-400-billion-net-worth-rcna183792\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s estimated net worth has now surpassed $400 billion, according to an estimate from Bloomberg News \u2014 the first person ever to reach such a milestone. While the value &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=136014\" 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-136014","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136014","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=136014"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136014\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}