Tesla and SpaceX CEO Elon Musk, 53, has reached more than $400 billion in net worth, the highest ever for an individual, per Bloomberg. This comes despite a Delaware judge’s decision last week to void Musk’s $56 billion Tesla pay package.
Several factors have helped the world’s richest person reach the feat.
On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion of shares from employees and other insiders at the privately held company, which boosted Musk’s net worth by roughly $50 billion. Tesla’s stock is up about 65% since just before the election with Musk’s role at the soon-to-be-created Department of Government Efficiency (DOGE) on investor’s minds.
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