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Elon Musk is the first person to reach a fortune of more than 400 billion dollars, according to "Forbes" and "Bloomberg".
His wealth consists mainly of shares in the electric vehicle manufacturing company "Tesla" and the aerospace company "SpaceX".
US magazine Forbes estimated Musk's fortune at $431.2 billion - and financial services company Bloomberg said it was roughly $447 billion.
Since the US presidential election in early November, the rise in Tesla's stock price, in particular, has made the 53-year-old significantly richer.
Investors are speculating that Tesla will benefit from Musk's current closeness with the newly elected US president, Donald Trump.
The South African-born Musk, now a US citizen, backed Trump with millions in campaign donations - and will be part of his government as he seeks to find efficiency savings.
Musk's companies also include online platform X, artificial intelligence developer xAI and Neuralink, which works on brain implants.
In the second place in the ranking is the founder of "Amazon", Jeff Bezos with an estimated fortune of more than 240 billion dollars.
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