American billionaire Elon Musk became the first person whose fortune exceeded 400 billion US dollars.

As reported by Ukrinform, this was reported by Bloomberg.

The latest sale of shares in Musk's company SpaceX increased his fortune by about $50 billion to $439.2 billion, according to data from the Bloomberg Billionaires Index.

It is noted that Musk's fortune has increased sharply since the end of 2022. However, they increased especially rapidly after the victory of Republican Donald Trump in the US presidential elections, as the billionaire was one of his biggest sponsors and supporters.

Meanwhile, shares of Tesla Inc., of which Musk is CEO, have surged about 65% since the election on expectations that Trump will eliminate tax breaks for electric vehicles that help rival Tesla.