Austin, December 18: Elon Musk's net worth has reached $486 billion, significantly increasing since Donald Trump's victory in the 2024 US Presidential Elections. Musk is on track to become the first individual to surpass the $500 billion threshold.
Recent gains in SpaceX and Tesla shares have contributed to this surge, with Tesla's stock price climbing alongside the company's innovations, including the Cybertruck and Full Self-Driving (FSD) technology.
Musk, who owns a 13% stake in Tesla, has seen the company's valuation rise to approximately $1.3 trillion. SpaceX has also achieved a valuation of $350 billion, with Musk owning 42% through a trust.
Despite a 72% decline in the value of X Corp (formerly Twitter) since his $44 billion acquisition in 2022, Musk's other ventures, including Neuralink, The Boring Company, and xAI, are reportedly gaining value.
Analysts anticipate that Musk could reach the historic $500 billion net worth by the end of 2024 or early 2025.