Bloomberg Billionaires Index: Tesla chief and world’s richest man Elon Musk has created historical past. He has grow to be the first person in the world to have a net worth of 400 billion {dollars}. According to the newest information of Bloomberg Billionaires Index, Elon Musk’s wealth has reached $447 billion. The net worth of Elon Musk is about 200 billion {dollars} greater than that of Jeff Bezos of Amazon, the world’s second richest.
Net worth elevated by $50 billion due to sale of SpaceX shares
According to Bloomberg Billionaires Index, there was a rise of 62.8 billion {dollars} in the net worth of Elon Musk in a single day, after which his wealth has crossed 400 billion {dollars} to 447 billion {dollars}. There has been a sudden massive soar in the net worth of the Tesla chief due to the sale of SpaceX shares. After this sale, Elon Musk’s net worth has elevated by 50 billion {dollars}. In the 12 months 2024 alone, his wealth has elevated by $218 billion.
Trump’s victory offers booster dose to Elon Musk
Since the victory of Donald Trump in the US presidential elections, there was a steady rise in the net worth of Elon Musk. Since earlier than the presidential elections, Tesla’s shares have elevated by 65 p.c. It is believed that the Trump administration will get rid of tax credit on electrical autos, which has benefited Tesla’s rival corporations. Self-driving automobiles may even be promoted. Due to this, there was a massive soar in Tesla’s shares. Elon Musk has obtained a distinguished place in the Trump administration and he was made the co-head of the Department of Government Efficiency, which is able to give ideas to the authorities to reduce wasteful bills.
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