Elon Musk has become the first person with a fortune of over $ 400 billion: details
12 december 2024 в 18:13
Since the election, Elon Musk, who actively participated in the efforts of elected President Donald Trump to secure a second term in 2025, has only increased his influence within Trump’s circle.
On November 12, Trump announced that Musk, along with former Republican presidential candidate Vivek Ramaswami, would lead the newly formed Department of Government Efficiency (DOGE), which is not an official government agency. Trump stated that this pair would «pave the way for my government to dismantle bureaucracy, reduce excessive regulations, eliminate wasteful spending, and restructure federal agencies».
In addition to this role, Trump’s constant support of Musk has helped boost his business projects. For example, SpaceX has increased its valuation to approximately $ 350 billion, according to a Bloomberg report from Tuesday.
Learn more about Musk’s net worth and other details below.
Musk became the first person to exceed a net worth of $ 400 billion, with an estimated value of $ 433 billion on December 12, according to Forbes' real-time billionaire list.
A significant portion of Musk’s net worth comes from his 12% stake in Tesla, which amounts to approximately 412 million shares. He pledged 58% of his Tesla shares as collateral for personal loans totaling $ 3.5 billion. In 2022, Musk sold $ 40 billion worth of Tesla shares to help finance his $ 44 billion purchase of Twitter, which he later renamed X. Although Musk still owns approximately 79% of the company based on the initial valuation, the value of Twitter had dropped by almost 70% by August 2024.
Musk is also a co-founder of SpaceX and The Boring Company, and serves as chairman of SolarCity. He owns 43% of SpaceX, which was valued at $ 180 billion in the latest funding round and is now valued at $ 350 billion. The Boring Company, on the other hand, was valued at approximately $ 5 billion in the latest round.
Additionally, Musk owns approximately 54% of xAI, an artificial intelligence company he founded in 2023. The startup was valued at $ 50 billion according to the Wall Street Journal last month.
As of today, the richest people in the world according to Forbes' real-time billionaire list are:
On November 12, Trump announced that Musk, along with former Republican presidential candidate Vivek Ramaswami, would lead the newly formed Department of Government Efficiency (DOGE), which is not an official government agency. Trump stated that this pair would «pave the way for my government to dismantle bureaucracy, reduce excessive regulations, eliminate wasteful spending, and restructure federal agencies».
In addition to this role, Trump’s constant support of Musk has helped boost his business projects. For example, SpaceX has increased its valuation to approximately $ 350 billion, according to a Bloomberg report from Tuesday.
Learn more about Musk’s net worth and other details below.
Musk became the first person to exceed a net worth of $ 400 billion, with an estimated value of $ 433 billion on December 12, according to Forbes' real-time billionaire list.
A significant portion of Musk’s net worth comes from his 12% stake in Tesla, which amounts to approximately 412 million shares. He pledged 58% of his Tesla shares as collateral for personal loans totaling $ 3.5 billion. In 2022, Musk sold $ 40 billion worth of Tesla shares to help finance his $ 44 billion purchase of Twitter, which he later renamed X. Although Musk still owns approximately 79% of the company based on the initial valuation, the value of Twitter had dropped by almost 70% by August 2024.
Musk is also a co-founder of SpaceX and The Boring Company, and serves as chairman of SolarCity. He owns 43% of SpaceX, which was valued at $ 180 billion in the latest funding round and is now valued at $ 350 billion. The Boring Company, on the other hand, was valued at approximately $ 5 billion in the latest round.
Additionally, Musk owns approximately 54% of xAI, an artificial intelligence company he founded in 2023. The startup was valued at $ 50 billion according to the Wall Street Journal last month.
As of today, the richest people in the world according to Forbes' real-time billionaire list are:
© Zhinobaeva Margarita
