Elon Musk, the owner of giant companies like SpaceX and Tesla, has set a new record in terms of earning wealth. His current net worth has reached $447 billion, which is more than the wealth of any person in history so far. According to the Bloomberg Billionaires Index, the latest change in Musk’s wealth is $62.8 billion. His net worth has increased by $218 billion this year.
SpaceX’s share sale boosts net worth
The main reason for this extraordinary rise in Elon Musk’s net worth is the sale of shares of his aerospace company SpaceX. Recently, SpaceX bought shares worth $1.25 billion from employees and insiders. After this transaction, the valuation of SpaceX reached $350 billion, which increased Musk’s net worth by about $50 billion.
Donald Trump’s victory affects Musk’s wealth
The victory of US President Donald Trump also played an important role in the success of Musk. After the news of Trump’s re-election, the shares of Musk’s electric car company Tesla increased by 65% and the share price reached a lifetime high of $415. Musk and Trump share a close relationship and investors expect Musk’s companies to scale new heights under Trump.
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Musk’s success story continues
With this unprecedented achievement, Elon Musk has not only established his companies on the global stage but has also taken his personal financial record to new heights. The steady increase in his wealth proves that Musk is one of the most influential entrepreneurs of modern times.
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