Elon Musk’s estimated net worth has now surpassed $400 billion, according to an estimate from Bloomberg News — the first person ever to reach such a milestone.
While the value of shares in Musk’s Tesla electric car company and robotics group have soared in recent months, it is Musk’s privately held stake in SpaceX, the rocket company he helped found, that has catapulted his wealth beyond the latest threshold.
This week, Bloomberg reported that a private sale of SpaceX shares increased the market cap of the firm to approximately $350 billion, making it the most valuable private startup in the world. Musk is said to own 42% of the firm.
As Tesla shares hit a new all-time high Wednesday, Musk’s wealth leapt to some $440 billion, according to Bloomberg.
Musk’s position as world’s wealthiest person has seen some volatility in recent years amid turbulence in Tesla’s share price, but he’s most recently held the No. 1 slot since May. A…
