{"id":136080,"date":"2024-12-12T05:53:02","date_gmt":"2024-12-11T22:53:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=136080"},"modified":"2024-12-12T05:53:02","modified_gmt":"2024-12-11T22:53:02","slug":"elon-musk-becomes-the-first-person-on-earth-to-reach-a-net-worth-of-400-billion","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=136080","title":{"rendered":"Elon Musk becomes the first person on earth to reach a net worth of $400 billion"},"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 data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\">New York<\/span><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c1v2001m2bpb5wqr8lzi@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The richest person in the world just hit an even higher milestone.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7p900033b6mdarqgovf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Elon Musk\u2019s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00043b6m02ikpszm@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Behind his nearly $20 billion jump in wealth was a deal that shot up Musk\u2019s rocket company SpaceX\u2019s valuation to roughly $350 billion, Bloomberg reported <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\">Tuesday<\/a>. SpaceX and its investors <a href=\"https:\/\/x.com\/elonmusk\/status\/1866789126814699824?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1866789126814699824%7Ctwgr%5E6f61ed88827ec87408f03a80d3cfd712acac9a5b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-12-11%2Felon-musk-net-worth-tops-400-billion-a-historic-first\" target=\"_blank\" rel=\"noopener\">agreed to purchase<\/a> as much as $1.25 billion of insider shares.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00053b6moyith3mw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            CNN has reached out to SpaceX for comment, but the company typically does not respond to media requests.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00063b6mbkn7vj0g@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Since the aftermath of the 2024 US presidential election, Musk has enjoyed a huge surge in his personal wealth.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00073b6mk1vbq8ba@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            An <a href=\"https:\/\/www.cnn.com\/2024\/11\/14\/business\/elon-musk-doge-department-of-government-efficiency\/index.html\">alliance with President-elect Donald Trump<\/a> has pushed his ventures to the forefront. Musk is the chief executive of Tesla and SpaceX, as well as the owner of X and CEO of other ventures, including Neuralink, xAI and the Boring Company. Now, along with Vivek Ramaswamy, he will oversee a new \u201c<a href=\"https:\/\/www.cnn.com\/2024\/11\/12\/politics\/elon-musk-vivek-ramaswamy-department-of-government-efficiency-trump\/index.html\">Department of Government Efficiency<\/a>\u201d (DOGE), named after a memecoin.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00083b6mlnx7v4y8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Tesla shares closed at a record high on Wednesday, hitting $424.77 at market close. Musk, who is Tesla\u2019s largest individual shareholder, has also enjoyed the stock propelling higher in part due to the broader market \u2014 NASDAQ topped 20,000 for the first time ever Wednesday. <a href=\"https:\/\/www.cnn.com\/2024\/11\/13\/business\/elon-musk-trump-government-companies-hnk-intl\/index.html\">Since Election Day<\/a>, the EV maker\u2019s stock has rallied roughly 65% on investors\u2019 belief that <a href=\"https:\/\/www.cnn.com\/2024\/11\/10\/politics\/musk-trump-influence-transition\/index.html\">Musk\u2019s influence in the Trump administration <\/a>will usher in an era of deregulation that will benefit the company.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa000a3b6mrd2osy9y@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            His artificial intelligence startup, xAI, also more than doubled in value in November amid a new funding round, surging to $50 billion from a few months ago, <a href=\"https:\/\/www.wsj.com\/tech\/ai\/elon-musks-startup-xai-valued-at-50-billion-in-new-funding-round-7e3669dc\" target=\"_blank\" rel=\"noopener\">according to the Wall Street Journal<\/a>.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa00093b6mfv0kywec@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The world\u2019s wealthiest man is now roughly $136 billion richer since November 5, according to the <a href=\"https:\/\/www.bloomberg.com\/billionaires\/profiles\/elon-r-musk\/\" target=\"_blank\" rel=\"noopener\">Bloomberg Billionaires Index<\/a>.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa000b3b6mj9lebs7z@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            While the top spots on the billionaires index typically switch around, Musk is<strong> <\/strong>racing<strong> <\/strong>past his wealthy peers. As of December 10, before his wealth skyrocketed to $400 billion, he was already $140 billion richer than the second-richest man on Earth, Amazon founder Jeff Bezos.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa000c3b6msqyp2588@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Musk\u2019s record-breaking Tesla-shareholder-approved pay package, which was worth $101 billion, <a href=\"https:\/\/www.cnn.com\/2024\/12\/02\/investing\/elon-musk-pay-package-rejected\/index.html\">was rejected by a Delaware court last week<\/a>.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4kagv4b00003b6mmvn9kwn7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Bloomberg\u2019s calculation still seems to include the pay package, which is now worth as much as $120 billion based on the current value of Tesla shares.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4k6c7pa000d3b6mlp4s0dh1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But Musk will still enjoy his riches, with <a href=\"https:\/\/www.cnn.com\/2024\/12\/03\/business\/elon-musk-net-worth-pay\/index.html\">numerous ways<\/a> to gain significantly more wealth in the coming years.\n    <\/p>\n<\/p><\/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.cnn.com\/2024\/12\/11\/business\/elon-musk-400-billion-net-worth\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York CNN \u00a0\u2014\u00a0 The richest person in the world just hit an even higher milestone. Elon Musk\u2019s net worth has reached $400 billion, according to Bloomberg, making him the &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=136080\" 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-136080","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136080","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=136080"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136080\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}