After this increase, he is now worth 447 billion dollars and has 198 billion dollars more than the world’s second richest person, Jeff Bezos (249 billion dollars).
In 2024, Elon Musk’s wealth has increased by 218 billion dollars so far, which is a record in itself.
Since the U.S. presidential elections, Elon Musk’s wealth has increased rapidly.
Due to his support for newly elected U.S. President Donald Trump, his companies have benefited, and he will also head a new government efficiency body (Dog) in the upcoming U.S. government.
It is worth noting that Elon Musk owns 21% of Tesla’s shares, and 68% of his total wealth is tied to those shares.
Since the U.S. presidential elections, Tesla’s stock prices have risen by 65%.
His company working on artificial intelligence (AI) technology, XAI, saw its value double in November 2024.
Overall, since November 5, 2024, Elon Musk’s wealth has increased by more than 158 billion dollars.
It should be noted that a report from Informa Connect Academy in September 2024 revealed that Elon Musk’s wealth has been growing at an average rate of 110% annually.
The report stated that if this trend continues, Elon Musk will become the first individual to own a trillion dollars, or one thousand billion dollars, by 2027.
