Elon Musk continues to make history, cementing his title as the richest man of the modern era with a fortune reaching $348 billion, according to the Bloomberg Billionaires Index. An impressive rise fueled by his technological and financial successes, notably Tesla, SpaceX and xAI, which consolidate the DOGE fan’s place as the richest man on the planet.
- Elon Musk has consolidated his title as the richest man of the modern era with an extraordinary fortune of $348 billion, driven by his successes at Tesla, SpaceX and xAI.
- Tesla shares have seen a significant rise, increasing the company’s market capitalization by $350 billion since the start of 2024.
The pillars of Elon Musk’s wealth: Tesla, SpaceX and xAI
Tesla, Musk’s flagship company, continues to play a central role in his fortune. On November 22, Tesla shares rose by 3,8 %reaching 352,56 dollars at the closing. This increase, marked by spectacular growth since the start of 2024, has allowed the value of the company to almost doubleadding 350 billion dollars to its market capitalization.
With participation from 13 %Elon Musk holds approximately $145 billion thanks to this electromobility giant. It should also be noted that Tesla has a treasury in Bitcoin. The automobile company still owned “ $184 million in digital assets » as of September 30.
Furthermore, founded to explore the frontiers of artificial intelligence, the startup xAI recently raised funds that value it at 50 billion dollars.
For its part, SpaceX, valued at 210 billion dollars in June 2024, remains another important financial lever. With participation from 42 %Musk could see his fortune rise further, a new valuation at 250 billion dollars being planned after an offer to purchase. The company continues to redefine space exploration and satellite technology.
Trump and X effect: political and financial catalysts
The election of Donald Trump catalyzed the surge in tech assets. Tesla, in particular, saw its shares jump by 45 % since November 4, on the eve of the presidential election. The Trump administration, pro-technology and favorable to cryptocurrencies, has, in fact, strengthened investor confidence and brought new attention to Bitcoin and cryptocurrencies.
Beyond his flagship companies, Musk of course controls X and fuels speculation with rumors, such as a possible acquisition of the MSNBC channel. His projects, but also his jokes, fuel a constant media buzz, reinforcing his public aura.
With 348 billion dollars, Musk is well ahead of Larry Ellison (235 billion) and Jeff Bezos (219 billion). This record gap testifies to its dominance in the technology and innovation sectors. As his wealth continues to grow, the visionary seems ready to explore new horizons, whether through the expansion of SpaceX, the development of xAI or possible new acquisitions. It even seems that Elon Musk has a secret plan for cryptocurrencies.
