Since Election Evening, Elon Musk, who performed an lively function in President Donald Trump‘s efforts to safe a second time period in 2025, has solely gained larger affect inside Trump’s internal circle.
On November 12, 2024, Trump introduced that Musk, together with former Republican presidential candidate Vivek Ramaswamy, would lead the newly established Division of Authorities Effectivity (DOGE), which isn’t an official authorities company. Trump mentioned the duo “will pave the best way for my administration to dismantle authorities paperwork, minimize extreme laws, remove wasteful spending, and restructure federal companies.”
Alongside this function, Trump’s ongoing endorsement of Musk has bolstered his enterprise ventures. For instance, SpaceX noticed its valuation surge to about $350 billion, in response to a Bloomberg report from December 2024.
Study extra about Musk’s web value and different particulars beneath.
What Is Musk’s Internet Price?
Musk at present has an estimated web value of $334.2 billion, in response to Forbes’ Actual-Time Billionaires Listing.
He was the primary individual to surpass a web value of $400 billion, peaking at $464 billion on December 17, 2024.
How Did Musk Make His Cash?
A good portion of Musk’s web value comes from his 12% stake in Tesla, which represents roughly 412 million shares. He has pledged 58% of his Tesla shares as collateral for private loans totaling $3.5 billion. In 2022, Musk bought $40 billion value of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Though Musk nonetheless owns roughly 79% of the corporate at that unique valuation, Twitter’s value has dropped by practically 70% as of August 2024.
Musk can be the co-founder of SpaceX and The Boring Firm and serves as chairman of SolarCity. He owns 43% of SpaceX, which was valued at $180 billion in its most up-to-date funding spherical and is now estimated at $350 billion. The Boring Firm, in distinction, was valued at round $5 billion in its newest spherical.
Moreover, Musk owns about 54% of xAI, the bogus intelligence firm he based in 2023. The startup was valued at $50 billion as of final month, in response to the Wall Avenue Journal.
Who Are the Richest Individuals within the World?
As of as we speak, the richest folks on this planet in response to Forbes’ Actual-Time Billionaires Listing are:
- Elon Musk – $334.2 billion
- Jeff Bezos – $214.8 billion
- Mark Zuckerberg – $214.1 billion
- Larry Ellison – $186.5 billion
