Since Election Night time, Elon Musk, who played an active role in President-elect Donald Trump‘s efforts to safe a second time period in 2025, has solely gained better affect inside Trump’s interior circle. In November 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 way in which for my administration to dismantle authorities paperwork, minimize extreme rules, get rid of wasteful spending, and restructure federal businesses.”
Along with this function, Trump’s ongoing endorsement of Musk has helped elevate his enterprise ventures. SpaceX, as an example, noticed its valuation surge to roughly $350 billion, in response to a Bloomberg report.
Discover out extra about Musk’s monetary standing and uncover who else is at present among the many richest folks on the earth.
What Is Elon Musk’s Internet Price?
Musk has an estimated worth of $450 billion as of December 2024, in response to Forbes’ Real-Time Billionaires List.
How Did Musk Make His Cash?
A good portion of Musk’s web price comes from his 12 p.c stake in Tesla, which represents roughly 412 million shares. He has pledged 58 p.c of his Tesla shares as collateral for private loans totaling $3.5 billion. In 2022, Musk offered $40 billion price of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Though Musk nonetheless owns roughly 79 p.c of the corporate at that unique valuation, Twitter’s price has dropped by practically 70 p.c 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 p.c 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 p.c of xAI, the factitious intelligence firm he based in 2023. The startup was valued at $50 billion as of final month, in response to the Wall Road Journal.
Who Are the Richest Individuals within the World?
As of at present, the richest folks on the earth in response to Forbes’ Actual-Time Billionaires Checklist are:
- Elon Musk – $450 billion
- Jeff Bezos – $241 billion
- Larry Ellison – $218 billion
- Mark Zuckerberg – $208 billion
- Bernard Arnault — $167 billion
