Bloomberg news agency reported on December 12 that billionaire Elon Musk has just reached a new milestone, becoming the first person in the world to own assets worth 400 billion USD.
According to Bloomberg's billionaire rankings, as of the morning of December 12, Mr. Musk's assets reached 447 billion USD. The assets of the South African-American billionaire reached a new milestone of 400 billion USD after SpaceX - founded and CEO by Mr. Musk - and the company's investors agreed to buy back internal shares worth up to 1.25 billion USD. The move brought SpaceX's market capitalization to about 350 billion USD.
Billionaire Elon Musk brought his son along when attending the US Congress meeting on December 5.
In addition to SpaceX, the capitalization of electric car company Tesla, also led by Mr. Musk, reached a record high since 2021 after the end of the trading session on December 11, with more than 424 billion USD.
Musk's personal and business fortunes have soared since US President-elect Donald Trump won the election in early November. Musk is a close ally of Trump and will soon lead the newly created Oversight Committee for Government Efficiency (DOGE).
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Tesla shares have surged 65% since the election as investors bet the company would benefit from Musk joining the Trump administration. Musk’s artificial intelligence (AI) company, xAI, which he founded and raised capital in May, has now doubled its market capitalization to $50 billion.
The ranking of the world’s richest billionaires often changes, except for the top spot, when Mr. Musk has had almost no competition in recent times and is now more than $140 billion behind the world’s second richest person, Amazon founder Jeff Bezos. With the latest developments, the total assets of the world’s 500 richest people exceed $10,000 billion for the first time.
Source: https://thanhnien.vn/ti-phu-elon-musk-thanh-nguoi-dau-tien-co-tai-san-400-ti-usd-185241212095126779.htm
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