Elon Musk's Net Worth Soars to $348 Billion After Trump Victory

Nov 25, 2024, 09:28 AM

Elon Musk's net worth has reached a record $348 billion, making him the wealthiest individual in history. His fortune has surged by $70 billion since November 5, following the election victory of Donald Trump, which has positively affected the valuations of Musk's companies. Tesla shares have rallied, his AI startup xAI secured a $50 billion funding round, and SpaceX's valuation has soared, with an extra $18 billion expected soon. Musk's net worth surpasses his previous 2021 record of $340.4 billion. He now exceeds Amazon founder Jeff Bezos, who is second with $219 billion, and Oracle CEO Larry Ellison, who is third with $206 billion, by over $100 billion.