ccording to a recent estimate from Bloomberg News, Elon Musk's net worth is now $400 billion, making him the first person to reach this high value.
Even though the share value of the Tesla electric vehicles company and the share value of the robotics groups experienced a significant increase, the company that managed to grow Elon’s net worth was SpaceX.
Earlier this week, the same Bloomberg News reported that SpaceX had a recent private sale that successfully increased the company’s market capital to about $350 billion. After this, recent private sale, SpaceX became the most valuable startup worldwide.
Elon Musk’s status as the world’s richest person indeed has experienced some fluctuations in recent years mostly due to the stock price volatility of Tesla company. But since becoming the world’s richest person in May this year, he managed to hold the top position.
Another billionaire index from Forbes estimated recently Elon Musk’s net worth at about $369 billion, placing Amazon founder Jeff Bezos in second place and Larry Ellison, the Oracle co-founder in third.
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The Tesla shares recorded a historically high price this Wednesday, closing at $424.77. Due to the fact that Elon Musk is Tesla’s biggest individual shareholder, he took advantage of this stock increase. Also, since the U.S. presidential election, Tesla’s stock price has experienced an increase of about 65%, mostly encouraged by investors who were thinking that Elon Musk would have a significant influence over the Donald Trump administration.
Even more so, his own artificial intelligence-powered startup, xAI, has experienced a boost in value during the new funding round and reached about $50 billion compared with the last few months.
According to the Bloomberg Billionaire Index, Elon Musk, the richest person worldwide is now $136 wealthier than he was on November 5.
By
Raluca Matei
•
December 13, 2024 3:10 PM
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