Musk is almost as rich as the second and third richest people in the world combined.
What just happened? Elon Musk is no longer just the richest person in the world, he is now the richest person in the world, by far. The Tesla boss’s net worth has reached $447 billion, making him the first person to cross the $400 billion milestone.
According to Bloomberg’s Billionaires Index, Elon Musk’s net worth increased by an incredible $218 billion this year. That jump is almost as high as the total worth of second-place Jeff Bezos and third-place Mark Zuckerberg: $249 billion and $224 billion, respectively.
Musk’s fortune has grown since the US elections in November, increasing by 77%. That includes a $62.8 billion surge in a single day after SpaceX and its investors agreed to buy up to $1.25 billion in insider shares, valuing the space exploration company at approximately $350 billion.
Bloomberg Billionaires Index
| Rang | Nom | Total Net Worth | Last change | Change since the beginning of the year | Country/Region | Industry |
|---|---|---|---|---|---|---|
| 1 | Elon Musk | $447 billion | +62,8B | +218B | UNITED STATES | Technology |
| 2 | Jeff Bezos | $249 billion | +4,65B | +72,1B | UNITED STATES | Technology |
| 3 | Mark Zuckerberg | $224 billion | +4,58B | +95.5 billion | UNITED STATES | Technology |
| 4 | Larry Ellison | $198 billion | +1.63B | +75.3B | UNITED STATES | Technology |
| 5 | Bernard Arnault | $181 billion | +1,32B | -26.4B | France | Consumer |
| 6 | Larry Page | $174 billion | +7,85B | +47,1B | UNITED STATES | Technology |
| 7 | Bill Gates | $165 billion | -131M | +24,2B | UNITED STATES | Technology |
| 8 | Sergey Brin | $163 billion | +7.28B | +43,2B | UNITED STATES | Technology |
| 9 | Steve Ballmer | $155 billion | +1.78B | +24.5 billion | UNITED STATES | Technology |
| 10 | Warren Buffett | $144 billion | -555M | +24.4B | UNITED STATES | Diversified |
| 11 | Jensen Huang | $122 billion | +3.64B | +77.7B | UNITED STATES | Technology |
| 12 | Jim Walton | $117 billion | +225M | +44,6B | UNITED STATES | Retail |
Being Tesla’s largest individual shareholder, Musk also benefited from the electric vehicle’s stock price hitting an all-time high of $424.77 this week. Musk’s influence over the Trump administration is believed to benefit Tesla, whose shares are up 65% since the president defeated Harris. The close relationship with Trump should also help Musk’s other companies.
Artificial intelligence startup xAI, another of Musk’s six companies, also added to his net worth. The company told investors it raised $5 billion in a funding round valuing it at $50 billion last month, more than double its value from a few months earlier, writes the Wall Street Journal.
Earlier this month, Delaware Judge Kathaleen McCormick upheld her original ruling that denied Musk his multibillion-dollar compensation package from Tesla.
The judge called the initial amount of $56 billion “excessive.” Based on Tesla’s stock price, the package would now be worth up to $120 billion. Tesla has announced its intention to appeal the decision.
Interestingly, Bloomberg includes Tesla’s salary package in its assessment of Musk. But even without that, he remains by far the richest person in the world.
SpaceX’s Starlink service has made headlines more than once this week. First, reports emerged that a Ukrainian-American nonprofit organization had submitted two filings to the FCC opposing the company’s proposal to place an additional 22,488 satellites in low-Earth orbit. He cites Musk’s alleged ties to Russia and environmental impact among the reasons he opposes the projects.
Elsewhere, Indian police sent a legal request to Starlink asking it to reveal the buyer of a Starlink Mini device found on a boat carrying $4.2 billion worth of meth.
