Elon Musk has become the first person in history to amass a fortune of more than $400 billion
His net worth now stands at around $440 billion (£345 billion), according to the Bloomberg Billionaires Index – more than that of Microsoft founder Bill Gates and Amazon’s Jeff Bezos combined.
Mr Musk’s fortune has boomed in the weeks following Donald Trump’s victory in the US presidential election.
During the campaign, the X owner served as a major political donor and advocate for his fellow billionaire, and he is expected to wield considerable influence when Mr Trump takes power in January.
Shares in electric car firm Tesla – where Mr Musk, 53, is chief executive – have surged by around 65 per cent since the election, amid hopes that Mr Trump will eliminate tax credits which have helped competitors in the industry.
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