Who is the richest person in the world? Elon Musk first to hit $400B ...

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Elon Musk has made history as the first person to reach a staggering $400 billion net worth, solidifying his position as the world’s richest individual and nearly doubling the fortune of Jeff Bezos, the second-wealthiest person, who stands at $248 billion.

Musk’s wealth stems from a portfolio of groundbreaking companies. Tesla, his electric vehicle powerhouse, dominates the global EV market while pioneering advancements in autonomous driving. SpaceX has redefined space exploration, securing NASA contracts and launching the Starlink satellite network to provide global internet coverage. His other ventures, such as Neuralink and the Boring Co., push the boundaries of brain-computer interfaces and underground transportation.

Recently, he was appointed director of government efficiency in Trump’s incoming Cabinet.

Where does Elon Musk live?

Musk was born in South Africa but is currently a resident of Texas.

Last month, he reportedly purchased a mansion in Austin for his 11 children, along with adjoining properties for two of the three mothers of his children. He also has a tiny home in Boca Chica, which is the home to SpaceX headquarters.

10 wealthiest people in the world

1. Elon Musk: CEO of Tesla and SpaceX, the world's richest person with $442 billion.
2. Jeff Bezos: Founder of Amazon, holding $248 billion in wealth.
3. Mark Zuckerberg: CEO of Meta (Facebook), with a fortune of $223 billion.
4. Larry Ellison: Co-founder of Oracle, worth $195 billion.
5. Bernard Arnault: Chairman of LVMH, the luxury goods giant, at $181 billion.
6. Larry Page: Google co-founder, valued at $171 billion.
7. Bill Gates: Microsoft co-founder, with a net worth of $165 billion.
8. Sergey Brin: Google co-founder, holding $161 billion.
9. Steve Ballmer: Former Microsoft CEO, worth $156 billion.
10. Warren Buffett: Legendary investor and CEO of Berkshire Hathaway, with $143 billion.

Who are the richest people in Texas?

Aside from Musk, here are the wealthiest people in Texas:

• Michael Dell: Founder and CEO of Dell Technologies, headquartered in Round Rock, $115 billion
• Alice Walton: Heiress to the Walmart fortune, based in Fort Worth, $113 billion
• Elaine Marshall: Director of Koch Inc., which has extensive operations in Texas, $25.8 billion