NEW YORK - Mr Elon Musk, whose wealth has been turbocharged since Donald Trump won the US presidential election in November, became the first person to reach US$400 billion (S$538 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 Mr Musk's net worth by roughly US$50 billion, according to the Bloomberg Billionaires Index.
Tesla shares also rallied to an all-time high on Dec 11, pushing Mr Musk's fortune to US$447 billion.
Mr Musk's one-day wealth jump of US$62.8 billion is the largest on record, and helped propel the combined fortunes of the world's richest 500 people above US$10 trillion, also for the first time, according to the index.
The group's net worths are similar in size to 2023's combined gross domestic products of Germany, Japan and Australia, according to data compiled by the World Bank.
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