Valuation reports from Bloomberg or other financial news outlets

Elon Musk's Net Worth Reaches $442 Billion as Tesla Hits New High

Dec 11, 2024, 05:03 PM

Elon Musk has become the first person in history to surpass a net worth of $400 billion, reaching an estimated $442 billion, according to Bloomberg. His fortune has increased by 66% since Donald Trump's victory in the recent U.S. presidential election, with Musk making approximately $4 billion per day since Election Day. This surge in wealth is attributed to several factors, including Tesla shares reaching a new all-time high after gaining 3.5% to hit their first intraday record since 2021. Additionally, Musk's private company SpaceX has been valued at $350 billion in recent share sales, adding approximately $50 billion to his net worth. Musk is also projected to become the world's first trillionaire by 2027.