We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Tesla and SpaceX CEO Elon Musk's wealth has exceeded 400 billion US dollars. With this, Musk has set a new record according to the Bloomberg Billionaires Index.
This increase in Elon Musk's wealth comes after an agreement between SpaceX and its investors, according to Bloomberg. According to the agreement, shares worth about 1 billion 25 million dollars were purchased. This has brought the total value of the company to about 350 billion dollars.
According to Bloomberg, this transaction has increased Musk's personal wealth by about 50 billion dollars to 440 billion dollars. Elon Musk's wealth depends mainly on the share price of Tesla and the market valuation of SpaceX.
After Donald Trump won the US presidential election last month, the market value of Tesla and SpaceX increased significantly. After the election results, Tesla's share price increased by about 65 percent. Musk is a major political donor and supporter of Trump.
Musk invested about 270 million dollars in the Republican campaign. After Trump's victory, Musk has consistently presented himself as his close ally. He even invited Trump to watch a rocket launch from his SpaceX company in Texas.
Trump has already announced that Musk will be in charge of the Department of Government Efficiency with the responsibility of cutting government spending. Musk's businesses are involved at various levels with the US and international governments. It is predicted that Musk will benefit from his closeness with Trump for his personal interests.
