{"id":43491,"date":"2024-12-17T14:43:45","date_gmt":"2024-12-17T14:43:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/elon-musks-net-worth-soars-184b-after-donald-trumps-victory-is-500b-within-reach-this-week\/"},"modified":"2024-12-17T14:43:45","modified_gmt":"2024-12-17T14:43:45","slug":"elon-musks-net-worth-soars-184b-after-donald-trumps-victory-is-500b-within-reach-this-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/elon-musks-net-worth-soars-184b-after-donald-trumps-victory-is-500b-within-reach-this-week\/","title":{"rendered":"Elon Musk\u2019s net worth soars $184B after Donald Trump\u2019s victory: is $500B within reach this week?"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
\n<\/p>\n

<\/div>\n

Earlier in the week, Elon Musk made headlines for becoming the first human to achieve a net worth of $400 billion (around \u00a3315.22 billion)<\/a>. <\/p>\n

The recent surge was driven by a deal that boosted the valuation of his rocket company, SpaceX, to approximately $350 billion. <\/p>\n

Back in 2021, he also became the first person to hit the $300 billion mark.<\/p>\n

Musk’s net worth now stands at around $474 billion, as per Bloomberg’s Billionaire Index, and it looks set to hit the $500 billion mark soon.<\/p>\n

The tech CEO’s wealth recorded a jump of around $19 billion on Monday.<\/p>\n

Elon Musk’s net worth sees meteoric rise in 2024 <\/h2>\n

As per the index, the tech billionaire has seen his wealth surge by over $245 billion this year. <\/p>\n

In contrast, Amazon founder Jeff Bezos \u2014 who is the world’s second richest person \u2014 has a total net worth of $251 billion. <\/p>\n

His wealth has grown by around $74.5 billion this year. <\/p>\n

 Mark Zuckerberg, the third richest person in the world, added the second most wealth in the year at around $91 billion.<\/p>\n

The huge jump in his net worth can also be attributed to the rise in Tesla stock price in the second half of the year.<\/p>\n

Tesla shares are the biggest contributor to his net worth.<\/p>\n

After a lacklustre start to 2024, which saw the EV major’s stock price going down around 15% in the first six months of the year, the stock has seen a major jump in the past few months. <\/p>\n

In the last six months, the Tesla stock price has surged over 140%.<\/p>\n

The 53-year-old is the largest individual shareholder of Tesla, owning a 13% stake in the world’s most valuable car maker.<\/p>\n

\"\"<\/figure>\n

The Donald Trump factor<\/h2>\n

Musk was one of the fiercest backers of US President-elect Donald Trump during the campaign. <\/p>\n

Since Trump’s victory, Tesla’s stock has surged about 90%<\/a>.<\/p>\n

The sentiment around the stock is optimistic as many believe that the incoming Trump administration will ease regulations for self-driving cars<\/a> and remove tax credits benefiting Tesla’s competitors.<\/p>\n

Since November 5, Musk’s wealth has risen by over $180 billion.<\/p>\n

Elon Musk’s other ventures<\/h2>\n

The valuation of Elon Musk’s artificial intelligence startup, xAI, has more than doubled to $50 billion since its last funding round in May, fueled by increased interest following Donald Trump’s victory, as reported by the Wall Street Journal in November.<\/p>\n

Earlier in the month, SpaceX and its investors finalised a deal to purchase $1.25 billion worth of shares from employees and other insiders. <\/p>\n

The transaction values the privately held space exploration company at approximately $350 billion, solidifying SpaceX’s position as the most valuable private startup globally.<\/p>\n

Musk is said to hold approximately 42% of SpaceX.<\/p>\n

Musk is also involved in his startups Neuralink and The Boring Company. <\/p>\n

His exact holding in these companies are not publicly available.<\/p>\n

Elon Musk’s new role<\/h2>\n

Next month as Donald Trump returns to the White House, Musk will also don a new role. <\/p>\n

Musk has been named co-head of the newly established Department of Government Efficiency (DOGE). <\/p>\n

Though not an official government agency, DOGE is tasked with offering recommendations to streamline federal spending and operations.<\/p>\n

The post Elon Musk’s net worth soars $184B after Donald Trump’s victory: is $500B within reach this week?<\/a> appeared first on Invezz<\/a><\/p>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Invezz ) Earlier in the week, Elon Musk made headlines for becoming the first human to achieve a net worth of $400 billion (around \u00a3315.22 billion). The recent surge was driven by a deal that boosted the valuation of his rocket company, SpaceX, to approximately $350 billion. Back in 2021, he […]<\/p>\n","protected":false},"author":3947362387,"featured_media":43492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43491"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43491"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43492"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}