Since Election Night time, Elon Musk, who performed an lively function in President Donald Trump‘s efforts to safe a second time period in 2025, has solely gained higher affect inside Trump’s inside 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 stated the duo “will pave the best way for my administration to dismantle authorities paperwork, minimize extreme laws, eradicate 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, based on a Bloomberg report from December 2024.
Study extra about Musk’s web value and different particulars under.
What Is Musk’s Web Price?
Musk presently has an estimated web value of $334.2 billion, based on 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 offered $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 almost 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 substitute intelligence firm he based in 2023. The startup was valued at $50 billion as of final month, based on the Wall Road Journal.
Who Are the Richest Individuals within the World?
As of right now, the richest folks on the earth based on 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
