Elon Musk hits $400 billion mark
12 December, 2024 18:08
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Tesla CEO Elon Musk has achieved another historic milestone as he becomes the first person to reach a net worth of $400 billion.
A $20 billion surge in wealth rose Musk’s SpaceX valuation to approximately $350 billion, while investors also bought in $1.25 billion in shares.
His landmark success continues following a successful campaign for US President-elect Donald Trump.
Following his alliance with U.S. President Donald Trump, Musk was appointed to oversee the Department of Government Efficiency alongside American entrepreneur Vivek Ramaswamy.
On Wednesday, Tesla shares closed at a record high hitting $424.77 by market closure.
It is pertinent to mention here that the NASDAQ topped 20,000 points, with Musk being the largest individual shareholder of Tesla.
Tesla’s stock surged by 65% since US Election Day.
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