Elon Musk's Net Worth Soars Beyond $400 Billion, Outpacing Bezos and Costco

Elon Musk's net worth has surged to $447 billion, making him nearly $200 billion richer than Jeff Bezos and worth more than Costco. This increase follows a 6% rise in Tesla's stock and SpaceX's valuation reaching $350 billion. Musk's wealth, largely tied to his stakes in Tesla and SpaceX, has grown by $218 billion this year, surpassing the net worth of most billionaires except Bezos and Zuckerberg. Tesla's market value has soared to nearly $1.4 trillion, driven by investor optimism in its AI advancements.