North News
Chandigarh, December 12
Elon Musk, the world’s richest person, has become the first individual to surpass a net worth of $400 billion, fueled by gains in SpaceX and Tesla Inc., according to media reports quoting news agency. A $1.25 billion insider share sale at SpaceX increased Musk’s fortune by $50 billion, while Tesla shares hit a record high Wednesday, pushing his total wealth to $447 billion, the news outlet NDTV reported. Musk’s one-day wealth jump of $62.8 billion is the largest ever recorded, contributing to a combined $10 trillion net worth for the world’s richest 500 individuals—equivalent to the GDPs of Germany, Japan, and Australia, per World Bank data.
Musk’s fortunes have soared since the 2024 U.S. presidential election, where he formed an alliance with President-elect Donald Trump. He is set to co-lead the new “Department of Government Efficiency” (DOGE) alongside Vivek Ramaswamy. Musk also reportedly contributed over $250 million to Trump’s campaign, according to news outlet The New York Times.
