Elon Musk, CEO of SpaceX and Tesla, photo by: Daniel Oberhaus
Elon Musk has shattered wealth records, becoming the first to achieve a net worth exceeding $400 billion. The Bloomberg Billionaires Index places his fortune at $447 billion (approximately Rwf622 trillion), surpassing the combined wealth of Microsoft founder Bill Gates and Amazon's Jeff Bezos.Musk's fortune has seen a meteoric rise following Donald Trump's victory in the U.S. presidential election. As a prominent supporter and donor during Trump’s campaign, Musk is anticipated to hold influence in the incoming administration.
Elon Musk's net worth saw a significant boost thanks to the sale of shares in his privately held aerospace company, SpaceX, contributing approximately $50 billion. Meanwhile, Tesla, the electric vehicle giant under Musk’s leadership, has played a central role in his wealth expansion.
Tesla shares have surged by 65 percent since the election, driven by expectations that the Trump administration could roll back tax credits that benefit competing automakers.
This optimism sent Tesla stock to a record high of $420, further bolstering Musk’s fortune.
Tesla remains a cornerstone of Musk's empire, with his 12.8 percent stake valued at nearly $172 billion. At 53, Musk's financial ascent cements his position as a defining figure in global wealth and innovation.