Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.
The most recent catalyst was an insider share sale of his privately held SpaceX, which boosted Musk’s net worth by roughly $50 billion, according to the Bloomberg Billionaires Index. Tesla shares also rallied to an all-time high Wednesday, pushing Musk’s fortune to $447 billion.
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