Elon Musk has made history yet again. His net worth has soared past $400 billion—a staggering figure and a first for any individual. Since Donald Trump’s election victory, Musk’s fortune has climbed 77%, driven largely by Tesla’s skyrocketing share price, which hit an all-time high earlier this month alongside 4 other stocks from the “Magnificent 7.”
Tesla and SpaceX: The Wealth Engines
Tesla’s surge has been pivotal, but Musk’s other crown jewel, SpaceX, has also played a major role in his expanding wealth. The aerospace firm’s success, driven by Starlink’s growth and a series of high-profile contracts, has kept Musk’s portfolio soaring.
Scale of Wealth
Musk’s $400 billion fortune is now nearly double the market cap of AstraZeneca (AZN), the largest company on the FTSE 100. To put that into perspective:
At an average cost of $55,000 per Tesla, Musk could buy roughly 7.3 million Tesla vehicles—more than the number Tesla has produced to date.
His wealth surpasses the GDP of entire countries like Norway and Finland.
Musk’s net worth alone equals just under 20% of Bitcoin’s entire market cap.
Looking Ahead
With Tesla continuing to dominate the electric vehicle market and SpaceX pushing boundaries in space exploration, Musk’s fortune appears far from plateauing. Whether $400 billion is just another milestone remains to be seen, but for now, it marks another chapter in Musk’s unprecedented ascent.