₦airaland Forum

Tesla and SpaceX boss Elon Musk’s net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone Wednesday for the world’s richest person.

The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion.

The transaction increased Musk’s personal wealth by about $50 billion to $440 billion, Bloomberg said.

Musk’s wealth, largely based on the share price of Tesla and the valuation of SpaceX, already took a huge leap after Donald Trump won last month’s US presidential election.

Tesla’s share price is up by about 65 percent since the vote in November.

Musk has been a prominent political donor and advocate for Trump, pumping a staggering $270 million into the Republican’s campaign.
He has been an ever-present sidekick for Trump since his election victory, inviting him to watch a rocket launch in Texas by his SpaceX company.

Musk’s businesses all have varying degrees of interactions with US and foreign governments, and his proximity to Trump has raised concerns that Musk will be able to give advantage to his own interests.

judatech:
After some figures took much money makes you poor

MaziX:
Elon my boy

Kewtt:
It is immoral for anyone to have such amount. Extreme wickedness is always at the root of such unbridled accumulation. Yet drug addicts are all over the US. Homelessness is all over the US.

SmartPolician:
Stop writing nonsense. Creativity made Elon Musk rich. Every Nigerian in the tech world should see Musk as their role model. That man is a constant reminder that impossible is nothing.

To the news, I strongly believe that given the time Bill Gates became a billionaire, if he had reinvested every cent he made like Musk, nobody's wealth would be anywhere close to his. Bill Gates is by far the world's most generous human being!

Kewtt:
It is immoral for anyone to have such amount. Extreme wickedness is always at the root of such unbridled accumulation. Yet drug addicts are all over the US. Homelessness is all over the US.

NSNO:
Something tells me that Bill Gates just wants to do charity work and enjoy his money. After all, he has nothing to prove anymore.

Nlfpmod, Fergie001.

SalamRushdie:
For context of we start paying you $500k a day today it would take you 3000 years to catch up with Elon's wealth...

NSNO:
One question, did he do anything immoral to accumulate his wealth?

idahme:
Gates no send any body again ooo, guy don turn traveller and philanthropist

MaziX:
Elon my boy

press9jatv:
Soon Elon musk net worth will hit $1tr. Elon musk is diligent in his work .