Elon Musk is a $400 billion man.

The 53-year-old Tesla (TSLA) CEO and serial entrepreneur has become the first person whose net worth has surpassed $400 billion, Bloomberg reported Wednesday.

The 澳洲幸运5官方开奖结果体彩网:bulk of Musk's net worth comes from his stakes in Tesla and the privately held firms SpaceX, social media platform X, and xAI. Bloomberg said a recent insider share sale of SpaceX "boosted Musk's net worth by roughꦏly $50 billion in one fell swoop to $439.2 billion."

Tesla shares hit an all-time high Wednesday and have risen nearly 70% this year, jumping 澳洲幸运5官方开奖结果体彩网:since Election Day. Musk is an outspoken backer of Doꦿnald Trump andꦺ has seen his net worth increase by 66% since the election, the report said.

According to Forbes' Real Time Net Worth tracker, Musk is worth $369.9 billion.