Musk’s net worth balloons to over $400 billion

The world’s richest man just got richer. 

Tech mogul Elon Musk’s net worth grew to $439.2 billion this week, marking the first time the billionaire’s wealth has reached such heights. 

Mr. Musk’s various business ventures, SpaceX, Tesla, xAI, helped push the CEO’s wealth over the $400 billion mark. This week, SpaceX announced it would begin acquiring insider shares, boosting the company’s valuation to about $350 billion. 

XAI, Mr. Musk’s generative artificial intelligence project founded last year, recently snagged a $50 billion valuation after a lucrative funding round. 

Additionally, Tesla has also grown in value over the past month, with investors predicting a healthy future for the company under a Donald Trump presidency. The company’s market capitalization has shot up by more than half since Mr. Trump defeated Vice President Kamala Harris on Nov. 5.

Mr. Musk’s net worth could grow even further over the next four years if he stays within President-elect Trump’s orbit. The billionaire integrated himself into Mr. Trump’s circle late in the campaign and will now co-run the Department of Government Efficiency with fellow billionaire Vivek Ramaswamy.