WASHINGTON, D.C. – Tesla and SpaceX boss Elon Musk's net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone on Wednesday for the world's richest person.
The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion.
RICHEST Tesla and SpaceX CEO Elon Musk looks on inside Notre-Dame Cathedral in Paris during its reopening on Dec. 7, 2024. Bloomberg Billionaires Index on Dec. 11 reported Musk having a network that surpassed $400 billion. AFP PHOTO