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GOBankingRates
GOBankingRates
Marc Guberti

Elon Musk Was the First Person To Have a Net Worth of $400 Billion: What Could It Mean for Tesla Stock?

Xavier Collin/Image Press Agency / SplashNews.com

Elon Musk’s business ventures have turned him into the wealthiest person on the planet. He was also the first person to reach a net worth of $400 billion, though his net worth has since fallen to about $342 billion, per the Forbes Billionaires List.

Although Musk has many companies, none of them have impacted his wealth more than Tesla. The electric vehicle (EV) maker is tapping into autonomous vehicles and artificial intelligence (AI) to achieve long-term revenue growth, and these catalysts are part of the reason Tesla is worth approximately $1 trillion.

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