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Elon Musk Becomes World’s First $400 Billion Man: Tesla and X CEO Breaks Records as SpaceX and AI Ventures Surge

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Elon Musk, the world’s richest person, has reached a historic milestone with a net worth of $400 billion, according to Bloomberg.

This makes him the first individual to achieve this feat.

According to CNN, his wealth surged by nearly $20 billion following a SpaceX valuation increase to approximately $350 billion, driven by a $1.25 billion insider share purchase agreement have seen exponential growth, aided by his association with President-elect Donald Trump.

“Their alliance has elevated Musk’s influence, including co-chairing the new “Department of Government Efficiency” (DOGE) alongside Vivek Ramaswamy,” the media outlet stated.

Tesla shares hit a record $424.77, contributing to a 65% rally since Election Day amid optimism over regulatory reforms .

Recent milestone doubling to $50 billion in November, further boosting Musk’s wealth by $136 billion since November 5.

As of December 10, he was  $140 billion richer than the second-richest person, Jeff Bezos.

Musk’s unprecedented $101 billion Tesla pay package, rejected by a Delaware court, remains factored into Bloomberg’s wealth estimate, now worth $120 billion .

Mr Musk has also engaged in high-pncluding hosting tours for Trump at SpaceX’s Starship test in Texas, attending the reopening of Notre Dame Cathedral in Paris, and speaking on AI regulation and corporate challenges.

Despite controversies, including a rejected Tesla pay package and social media missteps, Musk’s influence across industries continues to grow .

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