Elon Musk's Net Worth Surges Over $200 Billion to $455 Billion; Tesla Hits $1.5 Trillion Market Cap, Stock at $463.02

Dec 16, 2024, 06:01 PM

In 2024, Elon Musk's net worth has surged by over $200 billion, reaching approximately $455 billion, following a significant investment of $277 million in Donald Trump's reelection campaign and other Republican candidates. This increase has been attributed to the soaring stock price of Tesla, which recently closed at an all-time high of $463.02, contributing to the company's market capitalization hitting $1.5 trillion. Tesla's stock has more than doubled in value over the past three months, with a notable increase of approximately $235 billion since December 9. Musk's wealth now positions him as the richest individual in history, surpassing notable figures such as Jeff Bezos and Mark Zuckerberg, who hold net worths of $246 billion and $219 billion, respectively.