According to the Bloomberg Billionaires Index, as of November 23, 2024, Elon Musk’s total net worth is $348 billion.

Tesla CEO Elon Musk has reached an unprecedented milestone in personal wealth, reaching $348 billion, according to the Bloomberg Billionaires Index. According to reports, with this Elon Musk became the richest man in the world! Elon Musk’s wealth saw substantial growth after Teslathe rise in Donald Trump’s stock price, which coincided with Donald Trump’s election victory.

According to the Bloomberg Billionaires Index, as of November 23, 2024, Elon Musk’s total net worth was $348 billion, an increase of $119 billion over the past year.
The valuation of Elon Musk’s generative artificial intelligence company xAI has soared to $50 billion, according to a report by ET citing The Wall Street Journal saidadding $13 billion to Musk’s wealth.
Tesla’s stock price is up 40% since US election day. Analysts say the rise reflects Wall Street’s optimistic outlook for Tesla under the Trump administration, particularly regarding regulations affecting autonomous vehicles.
Elon Musk’s recent support for Trump has boosted market confidence. Following his support earlier this year, Musk contributed more than $100 million to Trump’s campaign. His appointment as president of the new Department of Government Efficiency (DOGE) places him in collaboration with biotechnology leader Vivek Ramaswamy.
Financial analysts predict that the new administration’s expected reduction in regulations will significantly benefit Tesla, particularly regarding its fully autonomous driving technology, which has already faced regulatory challenges.
Discussions around EspaceXMusk’s next financing move, potentially valuing the company at $250 billion, indicates that Musk’s wealth could increase by another $18 billion, ET reported.
Additionally, Musk’s 42% stake in SpaceX, valued at $210 billion following a tender offer in June, contributes a large part of his wealth. He maintains smaller investments in various companies, including neural technology company Neuralink and X, formerly Twitter, the social media platform.