As Elon Musk is as soon as once more making headlines by reportedly turning into the primary particular person in historical past to succeed in a web value of $400 billion.
The newest report by BestBrokers reveals the billionaires whose web value elevated probably the most over the previous 12 months and the businesses that helped them construct their large fortunes.
The crew at BestBrokers analysed the modifications in billionaires’ wealth from November 13, 2023, to November 13, 2024, utilizing the Forbes Actual-Time Billionaires Listing.
We accessed the identical checklist from final 12 months by way of The Web Archive after which searched by means of SEC’s Digital Knowledge Gathering, Evaluation, and Retrieval (EDGAR) system for particular person and firm filings, annual studies, and proxy statements to trace inventory transactions all year long.
We found that Elon Musk turned 38.61% wealthier inside a 12 months. He elevated his web value by $86 billion between November 13, 2023, and November 13, 2024, reaching $310.20 billion.
Just some weeks after the announcement of Musk’s place within the coming presidential administration, the valuation of his firm SpaceX soared to $350 billion in a secondary share sale. Because of this, as of December 16, Musk ranks 1st on the Forbes Actual-Time Billionaires Listing with a web value of $439.4 billion, up almost $130 billion in comparison with only one month in the past.
His wealth is, in fact, topic to vary since it’s based mostly on the fluctuating costs of the corporate shares he owns. Apparently, the SpaceX and Tesla proprietor is just not the billionaire whose web value noticed probably the most vital enhance since final 12 months. Binance founder and former CEO Changpeng Zhao noticed his web value surge by 518.6% between November 2023 and November 2024.
For additional insights, please confer with the total report.
