Elon Musk is now worth $439 billion, richer than Jeff Bezos by nearly $200 billion
This is the first time, Elon Musk's net worth has crossed the $400 billion mark, something that no other living human being has done. The only other person who is believed to have been worth $400 billion was Mansa Musa, a 14th-century ruler of the Mali Empire.
World's richest man Elon Musk, who has seen his net worth increase to unprecedented levels in recent months has set yet another personal high. According to the latest Bloomberg Billionaires Index, Musk is now worth $439.2 billion.
CREDIT: REUTERS
Elon Musk is now the richest person in history
This is also the first time, Musk has crossed the $400 billion net worth mark, something that no other living human being has done. The only other person who is believed to have been worth that much was Mansa Musa, a 14th-century ruler of the Mali Empire in West Africa, who was widely regarded as the richest man ever.
With his latest net worth estimate, Musk has overtaken Musa, who is believed to have been worth $400 billion to become the richest man ever.
Elon Musk dwarfs Bezos, Zuckerberg
What makes Musk's net worth even more impressive is the fact how 'far behind' other top richest men on the list are, when compared to the Tesla CEO.
According to the Bloomberg Billionaires Index, the second richest man is Amazon founder Jeff Bezos, who has a net worth of $244 billion. Meta CEO Mark Zuckerberg is third on the list with an estimated net worth of $219 billion followed by, Larry Ellison, the CTO of Oracle whose assets stood at $197 billion.
Also read: Elon Musk spent over ?2,280 crore to get Donald Trump elected, the highest ever by a political donor
CREDIT: REUTERS
What shot up Musk's net worth
Musk's latest surge in fortunes are the result of an insider share sale at his aerospace company, SpaceX, which contributed approximately $50 billion to his wealth.
¡°What¡¯s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation! SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in,¡± Musk wrote on X.
What¡¯s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!
¡ª Elon Musk (@elonmusk) December 11, 2024
SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in.
How Musk became the richest and most influential man
In recent years, the 53-year-old has seen not just his wealth increase rapidly, but also his political influence.
CREDIT: REUTERS
Musk who threw his weight behind the then-Republican US Presidential candidate Donald Trump, earlier this year has also seen his political graph go up significantly, following the elections.
For more news and current affairs from around the world, please visit Indiatimes News
Bobins Abraham is the Assistant News Editor at Indiatimes. He has more than twelve years of experience in TV and digital journalism. An avid student of history and geopolitics, he is a conservationist and environmentalist at heart. He writes on environment, sustainability, human-animal conflict and more.
Read More
