Elon Musk is now the first public figure in history to have a net worth of over $400 billion, new data showsMusk’s wealth has been on the rise since Donald Trump was elected the 45th President of the United StatesAliko Dangote, Africa’s richest man, has also recorded an increase in his wealth and has climbed in the world’s rich list
Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
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.
Elon Musk’s wealth rises in Nigeria
Photo credit: Dimitrios Kambouris
Source: Getty Images
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.
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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 – $447bnJeff Bezos – $249bnMark Zuckerberg – $224bnLarry Ellison – $198bnBernard Arnault – $181bnLarry Page – $174bnBill Gates – $165bnSergey Brin – $163bnSteve Ballmer – $155bnWarren 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.
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Dangote wealth rises by N3bn
In an earlier report, Henzodaily.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.
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Source: Henzodaily.ng