American billionaire Elon Musk, the richest person in the world, continues to achieve a new record in terms of assets.

American billionaire Elon Musk

According to Bloomberg , Elon Musk’s net worth has reached $400 billion, making him the first person in the world to surpass this milestone.

A deal that valued Mr Musk’s SpaceX at $350 billion, adding $20 billion to his fortune, with investors in the company agreeing to buy $1.25 billion in insider stock.

Since the 2024 US presidential election , Mr. Musk’s fortune has steadily increased, following his successful collaboration with President-elect Donald Trump in the White House campaign.

Mr. Musk is currently the CEO of Tesla and SpaceX, as well as the owner of X and CEO of other projects, including Neuralink, xAI, and the Boring Company. In the coming time, along with Vivek Ramaswamy, he will oversee the Office of Government Efficiency (DOGE) in the future Trump administration.

Mr. Musk is now worth $136 million more than he was on November 5, according to the Bloomberg Billionaires Index.

While the top spots on the billionaire rankings often change, Mr. Musk has maintained a considerable lead. As of December 10, before his fortune soared to $400 billion, he was $140 billion richer than the world’s second-richest person, Amazon founder Jeff Bezos.