Elon Musk becomes first person with net worth of over $400 bn

According to the Bloomberg Billionaires Index, as of December 11, Tesla CEO Elon Musk has become the first to achieve a net worth exceeding $400 billion. His wealth has reached an astonishing $447 billion, surpassing the second-richest individual, Jeff Bezos, by $198 billion.

Musk's net worth has grown by $218 billion since the beginning of the year, further solidifying his position as the world's wealthiest person. This remarkable financial milestone underscores Musk's dominance in global wealth rankings, driven largely by Tesla's success and other ventures.

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