World’s Richest Man and CEO of Tesla, SpaceX Elon Musk’s net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index.
The business news outlet reports that Musk’s rise in wealth, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion.
The transaction increased Musk’s personal wealth by about $50 billion to $440 billion, Bloomberg said.
