By Hash Techs 
Elon Musk, the billionaire behind Tesla, SpaceX, and the X platform (formerly Twitter), has recently achieved a remarkable milestone by accumulating a fortune exceeding $400 billion. This historic feat was attributed to the valuation of Tesla’s stocks and a fresh round of investments in SpaceX, as reported by Bloomberg.
Summary of the essential information you need to understand
- Elon Musk has become the first individual in history to amass a personal fortune surpassing $400 billion.
- Tesla’s stocks increased by 65% following Donald Trump’s victory in the US presidential election.
- SpaceX’s worth has increased to $350 billion following recent transactions.
What has caused Musk’s sudden wealth?
Musk’s heritage took a significant step forward through two pivotal events. Initially, SpaceX finalized a deal worth $1.25 billion (R$ 7.54 billion), elevating the company’s worth to roughly $350 billion and boosting the entrepreneur’s wealth by $50 billion (R$301 billion).
Since Donald Trump’s election, Tesla’s performance has surged by an impressive 65%, significantly increasing Musk’s wealth. As of now, Musk holds a record-breaking estimated fortune of $440 billion.
Musk’s close relationship with Trump has attracted attention due to his significant political contributions during the last presidential elections, raising worries about potential conflicts of interest as he takes on a role in managing public spending under the new president.
Is Elon Musk going to halt his progress or will he continue to amaze with his increasing wealth and political sway?
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