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Since the re-election of Donald Trump as president in the U.S., Elon Musk, whose wealth has been increasing, has made history as the first person to reach a net worth of $400 billion, a significant milestone for the world's richest person. According to the Bloomberg Billionaires Index, Musk's net worth was boosted by approximately $50 billion due to an insider stock sale of his privately owned SpaceX. TESLA STOCKS AT ALL-TIME HIGHTesla Inc. shares also reached an all-time high on Wednesday, raising Musk's wealth to $447 billion. WEALTH INCREASED BY $62.8 BILLION IN A SINGLE DAYMusk's one-day wealth increase of $62.8 billion is a record level and has caused the total wealth of the world's 500 richest people, according to the index, to exceed $10 trillion for the first time. According to data compiled by the World Bank, the group's net worth is comparable to the total gross domestic products of Germany, Japan, and Australia last year. ADDED TO HIS FORTUNESince the beginning of 2024, Musk has added approximately $218 billion to his net worth. Tesla shares, which constitute a large part of Musk's wealth, have increased by 71% this year and closed at $424.77 on Wednesday.
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