{"id":136330,"date":"2024-12-12T22:09:50","date_gmt":"2024-12-12T15:09:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=136330"},"modified":"2024-12-12T22:09:50","modified_gmt":"2024-12-12T15:09:50","slug":"elon-musks-net-worth-tops-400-billion-forbes-billionaires-list-shows","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=136330","title":{"rendered":"Elon Musk&#8217;s net worth tops $400 billion, Forbes billionaires list shows"},"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 -->(Reuters) &#8211; Tesla CEO Elon Musk&#8217;s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker&#8217;s shares this year and the soaring valuation of his rocket company SpaceX.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Musk is Tesla&#8217;s largest shareholder with about a 13% stake in the company. The EV maker&#8217;s shares rose to a record high of $424.9 on Wednesday, extending a rally that kicked off following the Nov. 5 election.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->His net worth was also boosted by an insider share sale of SpaceX, which Musk heads. The rocket company and its investors agreed to purchase as much as $1.25 billion of its common shares, Bloomberg News reported on Tuesday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;What&#8217;s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!&#8221; Musk wrote in a reply to a post on X referring to the Bloomberg report.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->He added that SpaceX has reduced the number of shares it bought back from employees in order to bring in some new investors.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Tesla investors have pinned their hopes on Musk&#8217;s relationship with President-elect Donald Trump, hoping the billionaire&#8217;s role in shaping the incoming Republican administration&#8217;s policy agenda would benefit the automaker.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Besides Tesla, Musk also heads brain technology startup Neuralink. Both SpaceX and Neuralink rely heavily on government regulation and policy and could benefit from a business-friendly administration.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Musk, who spent over a quarter of a billion dollars to help Trump win the election, also owns social media site X and tunnel builder The Boring Company.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Musk is followed on the billionaires list by Amazon founder Jeff Bezos &#8211; with a net worth of $243.7 billion, while Oracle co-founder Larry Ellison is in the third spot with a net worth of $223.4 billion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->(Reporting by Deborah Sophia and Rishi Kant in Bengaluru; Editing by Krishna Chandra Eluri and Anil D&#8217;Silva)<!-- HTML_TAG_END --><\/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:\/\/finance.yahoo.com\/news\/elon-musks-net-worth-tops-143636735.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Tesla CEO Elon Musk&#8217;s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker&#8217;s shares this &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=136330\" 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-136330","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136330","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=136330"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/136330\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}