Net worth exceeds $400 billion. Trump's biggest backer, Musk, dominates the global billionaire list.
Musk's success in making money has reached a new milestone in his personal wealth. According to the latest data, Musk's net worth has soared to over $400 billion, making him the first person in the world to reach this level of wealth. This achievement is primarily attributed to the significant increase in the valuation of his company SpaceX, as well as the strong performance of Tesla's stock.
SpaceX recently conducted an internal stock transaction worth $1.25 billion, which brought the company's valuation to an astonishing $350 billion, making it one of the most valuable private startups in the world. Additionally, Tesla, as another major asset of Musk, has seen its stock price rise, contributing significantly to his wealth growth. These factors have collectively driven Musk's explosive increase in wealth, allowing him to dominate the global billionaire list.