Elon Musk, the world’s richest person, has reached a remarkable milestone, becoming the first individual in history to amass a net worth exceeding $400 billion.
Data obtained from Bloomberg showed that as of Thursday, December 12, Musk’s total net worth stands at $447 billion.
Musk’s wealth has crossed $400 billion after making $62 billion in just 24 hours, thanks to his substantial holdings in Tesla, SpaceX, and xAI.
This new figure cements Musk’s position as the wealthiest individual ever tracked, and is now $200 billion richer than his closer rival, Jeff Bezos.
Top 5 richest men in the world
Elon Musk – $447bn
Jeff Bezos – $249bn
Mark Zuckerberg – $224bn
Larry Ellison – $198bn
Bernard Arnault – $181bn
Larry Page – $174bn
Bill Gates – $165bn
Sergey Brin – $163bn
Steve Ballmer – $155bn
Warren Buffett – $144bn
Aliko Dangote remains Africa’s richest man
It was not only Elon Musk that recorded an increase in wealth. Aliko Dangote’s net worth also improved.
According to Bloomberg, Africa’s richest man’s net worth rose by $68.5 million (N106.05bn) within 24 hours.
Dangote’s newfound wealth helped him climb to the 68th position on the list of the world’s 500 richest men.
South African billionaire Johann Rupert and his family, the second richest in Africa, have a net worth of $13.9bn.
Dangote wealth rises by N3bn
In an earlier report, Legit.ng revealed that Nigerian billionaire Aliko Dangote made $2.32 million, or N3.90 billion, on Monday, November 25, 2024.
According to the Bloomberg Billionaires Index, his new wealth helped push him up two places in the world’s billionaire rankings.
Dangote’s net worth has increased by $13 billion so far in 2024.