By Zainab Shafiq 
Elon Musk has once again topped the list of billionaires, with his net worth crossing $400 billion according to Forbes’ real-time billionaires list. A massive rise of 71% in Tesla’s stock value this year and the skyrocketing valuation of SpaceX, the rocket company Musk leads, is credited for this massive jump.
Tesla, where Musk owns about 13% of the shares, saw its shares touch an all-time high of $424.9, extending a rally that started after the U.S. elections in November. Investor optimism has been buoyed by the fact that Musk has strong connections and is perceived to influence policy under the incoming administration in ways that could favor the EV industry.
SpaceX also has played a crucial role in Musk’s wealth increase. The company and its investors recently agreed to a $1.25 billion insider share sale, according to Bloomberg. Musk said the transaction is significant, noting that few investors were willing to sell even at a valuation of $350 billion, which means there is confidence in the long-term growth prospects for SpaceX.
The deal included measures that would ensure the input of new investors while limiting the number of shares bought back from employees, indicating a strategic move to support innovation, but at the same time sustain stability within the workforce.
Net Worth of Elon Musk crosses $400 billion, thanks to his multiple ventures
Apart from Tesla and SpaceX, Musk leads several other groundbreaking ventures, including Neuralink, a brain-computer interface company, and The Boring Company, which develops underground transportation systems. All of Musk’s enterprises rely heavily on regulatory frameworks, making potential shifts in government policies crucial to their success.
Musk’s wealth now positions him ahead of Amazon founder Jeff Bezos, whose net worth is $243.7 billion, and Oracle co-founder Larry Ellison, who stands at $223.4 billion. With Tesla’s continued dominance in the EV market and SpaceX’s relentless progress in space exploration, there seems to be no slowing down in Musk’s influence across industries.
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