Forbes' real-time billionaire rankings

Elon Musk Surpasses $440 Billion Net Worth, First to Exceed $400 Billion Amid 71% Tesla Stock Surge and $350 Billion SpaceX Valuation

Dec 13, 2024, 04:00 AM

Elon Musk has become the first individual to surpass a net worth of $400 billion, according to Forbes' real-time billionaire rankings. This milestone was achieved on December 12, 2024, following a significant increase in Tesla's stock price, which surged by approximately 71% this year. Musk's wealth has risen dramatically, increasing by about $136 billion since November 5, 2024. His net worth is now estimated at $440 billion, bolstered by the soaring valuations of both Tesla and SpaceX, the latter recently reaching a valuation of $350 billion after a $1.25 billion insider share buy. Musk's charitable foundation also reported assets of $9.5 billion, having distributed $237 million in gifts last year, primarily to entities he controls. This financial ascent has been linked to Musk's support for President-elect Trump, which has energized investors.