Elon Musk’s net worth has exceeded $400 billion, making him the first person to reach this milestone. The increase in his wealth is attributed to the soaring value of his shares in Tesla and SpaceX. A private sale of SpaceX shares has helped increase the firm’s market cap to $350 billion, making it the most valuable private startup. Musk’s stake in SpaceX is estimated to be 42%. Despite some volatility, Musk has held the title of the world’s wealthiest person since May. A ruling by a Delaware judge recently rejected a pay package for Musk approved by Tesla shareholders, citing a conflict of interest. However, Musk’s net worth has continued to climb, reaching $440 billion. He disagreed with the ruling, stating that shareholders should control company votes, not judges. Musk also spent a significant amount of money on helping re-elect Donald Trump in the 2024 election. His net worth is estimated at $369 billion by Forbes, with Jeff Bezos and Larry Ellison following closely behind.
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