Forbes Billionaires List or Bloomberg Billionaires Index

Elon Musk's Net Worth Reaches $500 Billion, First Individual to Achieve This Milestone; Tesla Market Cap at $1.5 Trillion

Dec 18, 2024, 10:52 AM

Elon Musk's net worth has reached a record high of $500 billion, making him the first individual in history to achieve such wealth. This milestone follows a surge in Tesla's share price, which has contributed significantly to his financial ascent. As of December 18, 2024, Musk's wealth surpasses that of Jeff Bezos and Mark Zuckerberg combined. Additionally, SpaceX's valuation has risen to $350 billion, further bolstering Musk's financial standing. His net worth has more than doubled within the year, reflecting the robust performance of his ventures, particularly Tesla, which currently boasts a market cap of $1.5 trillion.