11:11 - 12.12.2024

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December 12, Fineko/abc.az. Elon Musk became the first person whose fortune exceeded $400 bn, ABC.AZ reports, referring to Bloomberg.

According to the Bloomberg billionaires index, the sale of shares in Musk's private company SpaceX provided a new record, which increased his fortune by $50 bn, up to $439.2 bn.

After a significant decline in wealth at the end of 2022, when it fell by $200 bn, Musk's financial growth in recent months has been particularly significant. Donald Trump's victory in the presidential election in November gave a new impetus: Tesla shares rose by 65% amid expectations of simplification of rules for self-driving cars and the abolition of tax breaks for the company's competitors.

In addition, the value of Musk's artificial intelligence startup xAI doubled and reached $50 bn after the election. The entrepreneur will also take a key role in the new Trump administration as co-chairman of the new Ministry for Improving the Efficiency of the U..S government, which will give him direct access to the White House.

This week, SpaceX completed a $1.25 bn deal to buy back shares from employees and other insiders, increasing the company's estimated value to $350 bn and making it the most expensive private company in the world.