Elon Musk's net worth has reached a record high of $348 billion following a surge in Tesla's stock and significant funding for his AI startup. This increase was largely attributed to the recent victory of Donald Trump in the U.S. presidential election, which saw Tesla stock rise 3.8% on November 22, bringing its value to $352.56 per share. Musk's fortune increased dramatically, marking a 52% rise since the start of the year, with an impressive gain of $119 billion. His wealth grows primarily from a 13% stake in Tesla, currently valued at $145 billion, and a 42% share in SpaceX, which was valued at $210 billion in June. Furthermore, a pending tender offer for SpaceX could potentially add $18 billion to his net worth soon. As of now, Musk is over $80 billion wealthier than Larry Ellison, the next richest individual.

Source 🔗