Less than a week after becoming the first person to have more than 400 billion USD, billionaire Elon Musk continued to set a new record with his assets reaching the 500 billion USD mark on December 17.
Tesla’s boss’s net worth has been breaking records in recent times. Photo: Reuters.
Tesla’s boss’s net worth has been breaking records in recent times. Photo: Reuters .
According to India Times , since Donald Trump was elected President of the United States in early November, billionaire Elon Musk has continued to break personal records. On December 11, the Tesla CEO’s net worth surpassed the $400 billion mark for the first time , making him the first person in the world to reach this milestone.
Notably, in less than a week, billionaire Elon Musk’s net worth has skyrocketed by $100 billion , reaching a record high of $500 billion as of Tuesday (December 17), according to the Bloomberg Billionaires Index. So far, the Tesla CEO’s fortune has dropped to about $460 billion , still nearly double that of the second-ranked person, Amazon boss Jeff Bezos, with $240 billion .
The “alliance” with President-elect Donald Trump has brought a huge advantage to Musk’s projects. Not only that, Mr. Trump also appointed the billionaire to head the Department of Government Efficiency (DOGE) – a new agency that will be established soon.
According to CNBC , Musk’s stake in SpaceX – the aerospace company he founded – is the main factor contributing to this “jump” in assets.
A private sale of SpaceX shares this week pushed the aerospace company’s market capitalization to $350 billion , making it the world’s most valuable private startup. Musk now owns about 42% of the company.
In addition, Tesla shares – the world’s largest electric car company, where Musk owns 13% of shares – also increased sharply this year, helping the company’s capitalization reach nearly 1,400 billion USD , far surpassing Berkshire Hathaway ( 1,000 billion USD ) and approaching Meta ( 1,600 billion USD ).
In addition to Tesla and SpaceX, Musk also leads many other companies such as xAI, Neuralink, The Boring Company and X Corp (formerly Twitter).
Elon Musk’s position as the world’s richest person has fluctuated in recent years, largely due to the wild swings in Tesla’s stock price. However, Musk has held the position since May.
According to Forbes ‘ billionaire index , Elon Musk’s net worth is currently valued at around $369 billion , while Amazon founder Jeff Bezos is ranked second and Oracle founder Larry Ellison is ranked third.
At the current growth rate, Elon Musk could become the world’s first billionaire with a fortune of $1,000 billion in the near future.