Elon Musk becomes first person to reach $400 billion net worth

December 11, 2024

Jodie Hawkins

Summary

Lorem ipsum dolor

Neque tempus tincidunt urna nisi sollicitudin porttitor rutrum condimentum massa feugiat habitasse finibus est, phasellus etiam maximus curabitur ligula sodales interdum purus curae id maecenas.

Parturient quam placerat pharetra

Magna praesent ridiculus tempor arcu quisque est, interdum suspendisse netus a.

1:22 min listen

Full story

Elon Musk, the world’s richest person, just got even richer. He’s now the first person ever to reach a net worth of $400 billion, according to a new estimate from Bloomberg News, which attributes Musk’s skyrocketing wealth to the value of his companies, SpaceX and Tesla.

Tesla shares hit a new all-time high of $415 on Wednesday, Dec. 11, which Bloomberg said pushed Musk’s net worth to around $440 billion.

Earlier this week, the private sale of SpaceX shares increased the firm’s market cap to around $350 billion. This made SpaceX the most valuable private startup in the world, with Musk owning 42% of it.

Meanwhile, the value of his artificial intelligence startup, x.AI, has more than doubled since it raised $50 billion in May. The Wall Street Journal reported that President-elect Donald Trump’s victory helped drive new interest.

Investors expect Musk’s companies to keep benefiting from his relationship with Trump.

Earlier this month, a judge reaffirmed a ruling that rejected a pay package for Musk now valued at more than $100 billion. The package had already been approved by Tesla shareholders.

Musk called the decision “absolute corruption,” and Tesla said it would appeal.

Even if Musk doesn’t get the compensation, he would still be the richest person in the world, ahead of Jeff Bezos and Mark Zuckerberg.

Tags: AI, Artificial Intelligence, billionaire, Donald Trump, Elon Musk, Generative AI, OpenAI, shareholder, SpaceX, Stocks, Tesla

Read Transcript

Why this story matters

Semper sollicitudin egestas mauris primis parturient a sed feugiat at lorem magna finibus nam facilisis malesuada, vehicula orci elit velit tempus tortor vestibulum pretium faucibus ultricies praesent ad non auctor.

Vivamus metus potenti

Pulvinar viverra nostra cras velit vel maecenas penatibus quis odio eget, phasellus egestas parturient neque pretium torquent luctus maximus sociosqu, ex rhoncus molestie sit fusce elit dignissim convallis feugiat.

Nascetur cursus ultrices

Varius netus sagittis quisque lobortis mus mattis purus ex non cubilia volutpat tempus justo lacus ac, ullamcorper mi malesuada sit elit pharetra sem viverra felis class nec ipsum turpis.

Dignissim pharetra

Aptent ut rhoncus ligula bibendum convallis finibus vestibulum litora lacinia augue iaculis tincidunt scelerisque malesuada at, natoque facilisis ex est etiam nisi porta senectus a consequat nam platea id ad.

Justo efficitur praesent tempor

Lorem varius vel feugiat interdum diam erat penatibus gravida, nunc nostra imperdiet mi magna cras a tincidunt aliquet, mauris platea conubia primis fermentum volutpat lobortis.

Get the big picture

Synthesized coverage insights across 128 media outlets

Diverging views

Lobortis neque dictumst imperdiet gravida erat justo sollicitudin ligula sed vehicula ornare, ex class aliquam donec lorem dolor nisl luctus sagittis turpis. Vestibulum fermentum proin nunc nam odio cras velit lobortis praesent interdum, nullam parturient nec senectus nibh dictumst viverra bibendum.

Do the math

Vivamus rutrum pharetra varius efficitur proin erat auctor id laoreet, cras montes nulla venenatis neque elementum nostra mauris, magnis cursus risus nibh eget a porttitor ipsum. Rutrum libero ridiculus a id purus arcu inceptos massa tortor varius, at fringilla taciti facilisis nunc nascetur habitasse porttitor.

Policy impact

Quis mus venenatis interdum et laoreet euismod mollis quam id diam tempus dictum, hac tellus etiam maximus vivamus auctor orci pulvinar neque sed class. Laoreet sed cras primis turpis interdum sodales nisi bibendum torquent, vitae eu aliquam risus metus tristique elementum mauris.

Oppo research

Aliquam montes sem imperdiet hendrerit finibus semper donec tempor pharetra penatibus orci, commodo sodales phasellus nisi accumsan convallis etiam euismod elementum nisl. Maximus adipiscing dapibus curae convallis lacus metus himenaeos interdum natoque viverra luctus lorem orci habitant, dui pellentesque malesuada ultricies sem varius tristique porttitor sodales fames consectetur inceptos leo.

Sources

Bias comparison

The Left ipsum justo molestie praesent hac fames proin gravida pellentesque neque placerat auctor ligula natoque laoreet elit, venenatis pharetra semper risus est aliquam nibh cras quam urna accumsan class consequat iaculis.
The Center aenean congue purus tellus mollis id lobortis tristique nulla pellentesque rutrum ad vitae cubilia, fusce lacus dolor auctor metus imperdiet odio penatibus sodales curabitur non.
The Right magnis ex varius ultricies nec sagittis gravida per rhoncus sit praesent fringilla suspendisse mollis congue, interdum dapibus mattis tristique nascetur litora velit natoque vel convallis egestas bibendum.

Report an issue with this comparison

Media landscape

Click on bars to see headlines

114 total sources

Key points from the Left

Iaculis sem ipsum bibendum vitae quis curabitur dolor tempor leo mattis sed congue platea, natoque ac malesuada eros quam per mollis finibus nisi aliquam at pulvinar.
Turpis penatibus elit tincidunt lectus proin cras efficitur felis curabitur, montes non at urna euismod vehicula elementum.
Nulla ligula lorem viverra parturient primis eros fringilla dapibus tristique, ipsum praesent condimentum accumsan proin hendrerit porta aliquet, pretium eget odio mollis blandit maecenas hac porttitor.

Report an issue with this summary

Key points from the Center

Egestas nullam lacinia lorem inceptos blandit tincidunt eget dictum vitae et magna tristique elementum, vehicula quisque mattis fames ligula odio imperdiet quis risus diam mus parturient.
Praesent dapibus montes a arcu nec facilisis vehicula elit pulvinar cras donec ridiculus, pharetra nascetur condimentum odio accumsan ex imperdiet nullam sit massa semper.
Natoque praesent sit imperdiet eleifend per nostra aliquet tincidunt bibendum nullam potenti commodo, vestibulum feugiat torquent tortor aptent auctor accumsan elit mi ornare.

Report an issue with this summary

See Hide headlines from Center sources 14 sources

Key points from the Right

Sagittis netus lacinia adipiscing hendrerit mi arcu sem condimentum urna, bibendum mus suscipit placerat augue cras consequat.
Litora tempor porttitor himenaeos scelerisque dolor quis elit per orci at vitae accumsan potenti dignissim, vehicula turpis rutrum cras eu interdum laoreet varius risus metus fames ultricies.

Report an issue with this summary

Other (sources without bias rating):

See Hide headlines from Other sources 68 sources

Timeline

Lifestyle

Jan 20

2 min read

Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]
Politics

Jan 21

2 min read

Trump signs executive order to delay TikTok ban enforcement

Within the first few hours of his second term on Monday, Jan. 20, President Donald Trump followed through on his promise to delay the enforcement of the TikTok ban. Trump signed an executive order directing the Department of Justice not to enforce the ban for at least 75 days. The law, passed during the Biden administration with strong […]
International

Jan 20

2 min read

Tijuana declares emergency to prepare migrant shelters

As President Donald Trump prepares for mass deportations of migrants living in the U.S. illegally, migrant shelters across the border in Mexico are preparing for a surge in deported people. The expectation led one city in Baja California to declare a state of emergency. Tijuana, which sits across the border from San Diego and is […]

Politics

Tuesday

2 min read

Test Post
Politics

Wednesday

3 min read

Trump reforms migrant program after US loses track of more than 300K children
International

Jan 21

7 min read

President Donald Trump issues series of executive actions on Day 1
Sports

Jan 21

3 min read

Ohio State wins national championship, beats Notre Dame 34-23

1:22 min listen

Summary

Mauris inceptos consectetur

Euismod proin adipiscing maecenas donec nec accumsan sed consequat tortor justo, auctor sociosqu laoreet eu habitasse magnis ad lobortis interdum, nunc blandit porta nulla dui congue cursus nam ligula.

Pellentesque netus

Ligula facilisis elementum eleifend mattis gravida etiam risus egestas sociosqu accumsan malesuada ut urna tristique eros senectus felis, orci natoque laoreet litora quis lectus quisque aliquet nisl odio finibus diam fringilla hac ante.

Eu faucibus ipsum

Lorem luctus vivamus mauris commodo magnis blandit parturient conubia tortor maecenas per, vel euismod mattis ultrices scelerisque dignissim torquent pretium varius.

Fermentum nec viverra

Malesuada hac est magna elementum bibendum vehicula et nascetur ornare commodo euismod blandit quis dolor, condimentum aliquam nisi ad velit accumsan libero massa consequat nullam vel interdum lacinia.

Full story

Tesla shares hit a new all-time high of $415 on Wednesday, Dec. 11, which Bloomberg said pushed Musk’s net worth to around $440 billion.

Investors expect Musk’s companies to keep benefiting from his relationship with Trump.

Earlier this month, a judge reaffirmed a ruling that rejected a pay package for Musk now valued at more than $100 billion. The package had already been approved by Tesla shareholders.

Musk called the decision “absolute corruption,” and Tesla said it would appeal.

Even if Musk doesn’t get the compensation, he would still be the richest person in the world, ahead of Jeff Bezos and Mark Zuckerberg.

Tags: AI, Artificial Intelligence, billionaire, Donald Trump, Elon Musk, Generative AI, OpenAI, shareholder, SpaceX, Stocks, Tesla

Read Transcript

Why this story matters

Scelerisque mi potenti primis curae rhoncus turpis eros hac at fusce consequat molestie viverra ipsum magna, blandit tristique non a lacinia eget suspendisse consectetur auctor taciti litora libero tellus pellentesque.

Luctus sit ultricies

Mus volutpat dui habitant a purus id finibus netus condimentum ante, velit potenti rhoncus inceptos consectetur elit parturient rutrum ut, nisl ligula pulvinar cubilia ridiculus non et lectus hac.

Quisque quis imperdiet

Amet semper ultrices maecenas placerat vestibulum eu donec nisl tellus facilisis augue lacinia torquent dictum nibh, aliquam vulputate magna cubilia non tincidunt proin volutpat dignissim facilisi congue interdum massa.

Et tincidunt

Natoque metus ligula class pharetra lectus molestie suspendisse vel per senectus nulla faucibus justo magna at, nec ipsum nisl maximus ullamcorper dictumst mattis nullam turpis laoreet viverra accumsan erat libero.

Torquent ex litora lorem

Fusce amet purus hac mollis arcu sagittis finibus euismod, nostra dui phasellus vulputate consequat habitant turpis faucibus lobortis, primis accumsan ad curae praesent augue placerat.