Elon Musk Becomes First Person To Reach $400 Billion Net Worth Milestone

Elon Musk, the world’s richest person and Tesla CEO, touched another milestone as his net worth reached $400 billion, according to Bloomberg. The latest mark made him the first person to ever cross the figure.

His nearly $20 billion jump in wealth was due to a deal that hiked Musk’s rocket company SpaceX’s valuation to around $350 billion, Bloomberg reported on Tuesday.

SpaceX and its investors made to agreement to buy $1.25 billion of insider shares.

The development comes as Donald Trump’s victory in the US Presidential Polls last month delivered a huge surge in Musk’s personal wealth.