Elon Musk has reached a historic milestone by becoming the wealthiest person in history, with a stunning $348 billion net worth. A recent investment round valued Musk’s AI business, xAI, at $50 billion, coinciding with this astounding feat.
Musk’s net worth has risen to $347.8 billion by the end of trading on November 22, setting a new record. This increase comes after a period of rapid financial gains, with Musk adding over $1 billion each day to his fortune over the last two weeks. Since the beginning of the year, his fortune has grown by an astonishing 52%, or $119 billion.
Wealth Drivers: Tesla and SpaceXMusk’s enormous fortune is mostly due to his investments in Tesla and SpaceX. His 13% share in Tesla is worth $145 billion, and his 42% stake in SpaceX, valued at $210 billion, adds significantly to his wealth. Tesla shares, which ended at $352.56 on November 22, have nearly quadrupled in value in the last six months, recovering pace following a 45% increase since early November.
SpaceX is also set to boost Musk’s fortunes further, with an imminent tender offer projected to put the company’s valuation past $250 billion. This may increase Musk’s net worth by almost $18 billion.
outpacing rivals and breaking records.Musk’s closest opponent, Oracle chairman Larry Ellison, has a net worth of $235 billion, putting Musk more than $80 billion ahead of the second-richest individual. This disparity demonstrates Musk’s extraordinary supremacy in the wealth rankings.
Broader Ventures and Future ProspectsIn addition to Tesla and SpaceX, Musk owns the social media platform X (previously Twitter) and has made large investments in other digital enterprises. His influence extends to space exploration, since SpaceX manages 62% of the world’s active satellites.
Musk’s ascension to this financial peak coincides with increased market confidence in his leadership and breakthroughs, particularly in electric vehicles and artificial intelligence (AI). Musk’s record-breaking net worth reflects his long-term impact on technology and global markets.
