According to a Bloomberg report Elon Musk, the owner of organizations like Tesla and SpaceX, has emerge as the first character inside the global whose wealth has controlled to touch the $400 billion mark.
As his company SpaceX become valued at $350 billion and Tesla’s share price rose, Elon Musk’s wealth expanded by $62.Eight billion on December 11.
After this growth, he now owns $447 billion and $198 billion greater than the world’s second richest person, Jeff Bezos ($249 billion).
Elon Musk’s wealth has extended by using $218 billion up to now in 2024, which is a record in its personal proper.
Elon Musk’s personal wealth has expanded swiftly for the reason that US presidential election.
His organizations have benefited from being a supporter of US President-pick Donald Trump, and he’ll additionally head a brand new authorities performance (DOGE) corporation within the incoming US authorities.
It must be cited that Elon Musk owns 21% of Tesla’s shares and 68% of his overall wealth is also connected to shares of this enterprise.
Tesla’s share fee has improved by using sixty five% because the US presidential election.
The value of his organisation XAI, which fits on artificial intelligence (AI) technology, doubled in November 2024.
Overall, Elon Musk’s wealth has expanded via extra than $158 billion due to the fact November five, 2024.
It must be stated that during September 2024, a document through Informa Connect Academy stated that Elon Musk’s wealth changed into increasing at a mean annual rate of 110%.
The record said that if this trend keeps, Elon Musk might be the primary character to personal one thousand billion dollars in 2027.
