Elon Musk, founder and CEO of Tesla and SpaceX, has become the wealthiest man by crossing $400 billion in net worth in individuals and history. His net worth doubled and tripled from the current billionaires like Jeff Bezos, Mark Zuckerberg, and Larry Ellison who have a net worth of $249 billion, $224 billion, and $198 billion respectively.
Elon Musk’s current wealth stands at $439.2 billion which makes this man first in the history who touch this net worth. According to the Bloomberg Billionaire Index, an interim sale of SpaceX Equity shares boosted the company’s net worth by $50 billion, bringing its overall net worth to $439.2 billion.
Bloomberg Billionaire Index estimates Elon Musk’s current net worth as $447 billion, which has shown rapid growth since the US Presidential Election last month. In 2022 Elon Musk’s net worth was declining by more than $200 billion, but when Donald Trump won the US Precedential Election last month, Musk saw huge growth, becoming one of the most influential donors and allies of the incoming administration.
Tesla’s stock saw a significant growth of about 60% after Donald Trump’s comeback last month. Investors speculated comeback of Donald Trump and his policies will favor Elon Musk’s growth, limiting competition and eliminating tax credits in the vehicle sector will Benefit Elon Musk’s business. These predictions led to a surge in Tesla’s stock and further increased Elon Musk’s wealth.
Also, Musk has been an active supporter of Donald Trump, both financially and publicly participating in his rallies. He made a great contribution to Donald Trump’s campaigns and has been vocal in support of the former president’s policies.
Elon Musk is also going to play a key role in the president-elect Donald Trump’s Administration, after being nominated as the co-head of the newly formed Department of Government Efficiency.
According to the Wall Street Journal, Elon Musk’s artificial intelligence company, xAI, has doubled its valuation since it started raising funds in the month of May, making it $50 billion in worth, partially buoyed by the Trumps’ victory.
Since company revenue depends on contracts with the US government, Trump’s term in office is likely to have a positive impact on the company. In events, the President-elect shows support for Musk’s vision to send astronauts to the mars during campaign speeches. Even Donald Trump joined Elon Musk at a SpaceX launch in Texas after the election concluded.
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