How Elon Musk became the first person with net worth of $400 billion

Elon Musk, the SpaceX and Tesla owner, has become the first person to hit a net worth of $400 billion. According to CBS, Musk’s fortune spiked by around $50 billion after an insider sale at Space X. Forbes reported that SpaceX and its investors have agreed to execute a share buyback deal that estimated the company’s net worth at $350 billion – the most valuable private firm in the world. The rise in Elon Musk’s net worth this year alone outpaces India’s merchandise exports which were valued at $144.12 billion in April-July 2024. Elon Musk’s net worth is also higher than the Tata Group – which in July became the first Indian conglomerate to race past a combined valuation of $400 billion.