Elon Musk’s piggy bank continues to grow in the aftermath of his new ally Donald Trump’s win in the 2024 presidential election. The tech mogul’s net worth has reportedly reached $400 billion, making him the first person to reach that milestone. It has also positioned him far ahead of his other billionaire peers. Contributing to the massive bump is a recent SpaceX scheme to purchase $1.25 billion of shares from employees and company insiders on Wednesday. The deal valued Musk’s space startup at around $350 billion, making it the most valuable private startup in the world. Along with SpaceX, Musk is also the chief executive of Tesla and CEO of other ventures, like the brain implant company Neuralink. He also was recently appointed to oversee a new Department of Government Efficiency (DOGE) along with Vivek Ramaswamy as part of President-elect Donald Trump’s second term. Bloomberg reports that since Trump’s victory last month, Musk’s fortune has increased by 66 percent.
