Elon Musk, the mogul behind Tesla and SpaceX, has become the first person in history to surpass $400 billion in net worth. This impressive milestone was reached thanks to the recent surge in Tesla's stock price, which rose 67% since November 2024, partly driven by Donald Trump's electoral victory, who has promised favorable policies for the tech and energy industries. Tesla's shares hit an all-time high of $415, further solidifying Musk's position as the richest person in the world.
Additionally, SpaceX, recently valued at $350 billion after a new stock sale, added about $50 billion to his fortune. His artificial intelligence company, xAI, also contributed, doubling its valuation in 2024, showcasing Musk's impact on key sectors of the future.
This rise is not without challenges. Although X (formerly Twitter) has lost value since its acquisition, Musk is betting on its long-term potential, while Tesla's increasing reliance on pro-market policies generates criticism regarding the sustainability of its model.
Why is it relevant?
Musk's exponential growth reflects a trend towards the centralization of wealth in technology, while his focus on artificial intelligence and space exploration is redefining industries. However, it also highlights economic inequalities and the influence of political decisions on financial markets.
