According to Bloomberg, the owner of Tesla and SpaceX is the first to exceed this threshold. The automaker’s shares have risen 70% since Donald Trump’s election
Donald Trump may have been elected president of the United States, but at the moment the biggest victory appears to be that of Elon Musk. Because since November 4, the day on which the presidential (and congressional) elections were held, the value of Tesla shares has risen by 70%. The latest record was reached at the end of trading on December 11, when the car manufacturer’s shares gained 6% on the previous day and closed at $424.77. Added to this, according to the news agency Bloombergthe surge of SpaceX: the aerospace company, whose largest shareholder is always Musk, has exceeded the capitalization of 350 billion, by virtue of the decision of the main investors to purchase shares worth 1.25 billion. The surplus in the listing caused another 50 billion to rain into the pockets of the South African plutocrat.
Bloomberg quickly did the math: Elon Musk, already at the top of the ranking of the richest people in the world, is the first to have ever exceeded the threshold of 400 billion dollars in personal fortune. To be precise, his net worth would amount to 440 billion.