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 higher 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 best way for my administration to dismantle authorities forms, minimize extreme laws, get rid of wasteful spending, and restructure federal businesses.”
Along with this position, Trump’s ongoing endorsement of Musk has helped elevate his enterprise ventures. SpaceX, for example, noticed its valuation surge to roughly $350 billion, based on a Bloomberg report.
Discover out extra about Musk’s monetary standing and uncover who else is at the moment among the many richest individuals on this planet.
What Is Elon Musk’s Web Value?
Musk has an estimated worth of $450 billion as of December 2024, based on 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 authentic valuation, Twitter’s price has dropped by almost 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 bogus 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 Folks within the World?
As of at this time, the richest individuals on this planet based on Forbes’ Actual-Time Billionaires Listing are:
- Elon Musk – $450 billion
- Jeff Bezos – $241 billion
- Larry Ellison – $218 billion
- Mark Zuckerberg – $208 billion
- Bernard Arnault — $167 billion
