Elon Musk has made history as the first public figure to achieve a net worth exceeding $400 billion, according to new data.
His wealth has been experiencing significant growth since the election of Donald Trump as the 45th President of the United States.
Aliko Dangote, Africa’s richest man, has also seen an increase in his wealth, further advancing his position on the global wealth rankings. …CONTINUE READING
Elon Musk, the world’s richest person, has reached a remarkable milestone, becoming the first to amass a net worth exceeding $400 billion.
Data obtained from Bloomberg showed that as of Thursday, December 12, Musk’s total net worth is $447 billion. Musk’s wealth has crossed $400 billion after gaining $62.2 billion in just 24 hours.
For context, Nigeria’s 2024 budget is N28.7 trillion, which was approximately $33.4 billion when passed but is now worth $18.53 billion when the latest exchange rate is used.
Musk leads the world’s rich list Musk’s current net worth, attributed to Tesla, SpaceX, and xAI, cements his position as the wealthiest individual ever tracked, placing him $200 billion ahead of his closest 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 wealthiest men.
South African billionaire Johann Rupert and his family, the second richest in Africa, have a net worth of $13.9bn.
