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Elon Musk's Net Worth Surpasses $400 Billion, Reaching $439.2 Billion Amid Tesla Surge and SpaceX Valuation

Dec 13, 2024, 04:00 AM

Elon Musk has achieved a significant milestone, becoming the first individual to surpass a net worth of $400 billion, with reports indicating his wealth has reached approximately $439.2 billion this week. This surge in his net worth is attributed to the rising stock prices of Tesla and the increasing valuation of SpaceX, among other factors. Musk's financial growth reflects a broader trend in the tech sector, as his companies continue to gain market confidence. Additionally, Musk's charitable foundation reportedly expanded to $9.5 billion in assets last year, distributing $237 million in gifts, most of which were directed to entities he controls. This financial ascent marks a notable moment in the billionaire's career, highlighting his influence in the technology and space industries.