Elon Musk Breaks $400 Billion Net Worth Barrier: A New Wealth Record

Elon Musk Breaks $400 Billion Net Worth Barrier: Elon Musk is that which remains from his top position as the first man, in being the richest individual in the world, to surpass his net worth with some $400 billion to his name. That amount, according to the Bloomberg Billionaires Index, comprises $447 billion fortune, which has actually swollen handsomely ever since last month's US presidential election.

An insider sale of shares of his private space exploration company, SpaceX, said to have contributed around $50 billion to his fortune, was also credited for the increase in Musk's wealth. Also, Tesla shares reached their all-time peak last Wednesday, earning him an additional boost.

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Not even so, Musk also has been highlighting several of his rich companies as really owned in electric vehicles and space, as both Tesla and SpaceX continue to strengthen their market leadership. The 2nd place is much further away with Amazon founder Jeff Bezos, who is valued at a total of $249 billion. Just behind him is Mark Zuckerberg, very close, behind at $224 billion. Larry Ellison came in 4th at $198 billion, and ilmperor Bernard Arnault is at $181 billion.

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More than his high-profile ventures SpaceX and Tesla, the riches of Elon Musk are now tied to an entirely new startup: AI in a company called xAI, whose valuation has more than doubled since May, to $50 billion now. And for another addition in his financial empire, there goes one more, namely the AI company which designs and develops the latest technologies of advanced artificial intelligence.

Rowing above the rest challenges, however, is reaching such high status, because a Delaware court has recently overturned Musk's historic pay package-more than $100 billion-from Tesla. He has been dealt a rare legal defeat, but not likely this would unseat him as the world's sole richest individual.

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