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Elon Musk has become the first person to exceed $400 billion in net worth, marking the latest achievement for the world's wealthiest people. The most recent cause was an insider share sale of his privately owned SpaceX, which increased Musk's net worth by around $50 billion in one fell swoop to $439.2 billion, according to the Bloomberg Billionaire Index. SpaceX and Tesla founder Elon Musk speaks at an America PAC town hall on October 26 , 2024 , in Lancaster , Pa. Samuel Corum via Getty Images Musk's fortune has taken a drastic swing since late 2022, when his net worth dropped by more than $200 billion. But it's been notably boosted since Donald Trump's presidential victory last month, with Musk being his most visible political contributor and champion. Tesla Inc.'s stock is up almost 65% since before the election, boosted by anticipation that Trump will speed up the launch of self-driving cars and abolish tax breaks for electric vehicles that b...

Mark Zuckerberg has just become the world's second-richest person for the first time in history, and he may be on his way to the top.  The Meta CEO surpassed Amazon founder Jeff Bezos by $1 billion to enter second place on Thursday, with a net worth of $206 billion, according to the Bloomberg Billionaire Index. He now trails only Tesla CEO Elon Musk, who has a net worth of $256 billion. Mark Zuckerberg , CEO of Meta. Tom Williams/CQ-Roll Call, Inc via Getty Images Zuckerberg's wealth is primarily connected to his 13% share in Meta, and it has increased by around $78 billion this year alone due to stock gains. That is more than any other billionaire on the list, including Jensen Huang, CEO of the hot chipmaker Nvidia. Meta shares have surged this year, ending at a record high of $582.77 on Thursday. On Friday, the stock traded even higher at $590, up roughly 70% year to date. Meta's stock jumped in February after the company announced its first quarterly dividen...