Elon Musk was already the richest person on earth. Now, thanks to the soaring valuations of Tesla, xAI, and SpaceX, he’s worth more than $400 billion, according to Bloomberg News calculations.
Specifically, he is worth $439.2 billion.
For reference, the next richest man is Amazon (AMZN) founder and Blue Origin owner Jeff Bezos, Meta (META) CEO Mark Zuckerberg, and Oracle (ORCL) according to Chief Technology Officer Larry Ellison Bloomberg Billionaires Index. They are worth $244 billion, $219 billion and $197 billion respectively. Musk is also at least as rich as Mansa Musa, the emperor of the West African Mali Empire and the previous record holder for the richest man of all time, who historians estimate was worth around $400 billion. According to the BBC.
The impetus for the latest increase in Musk’s wealth is the newfound value of SpaceX $350 billionWhich makes it the most valuable startup in the world. On Wednesday, SpaceX and its investors agreed to buy $1.25 billion in shares from employees and company insiders.
“The really crazy thing about this is that almost no investors wanted to sell shares even at a $350B valuation! SpaceX reduced the amount of shares it bought back from employees to allow for some new investors,” Musk said wrote His X on Wednesday.
Apart from SpaceX, Musk is the CEO of Tesla and X. is the owner of the corporation. His other companies include artificial intelligence startup xAI, brain chip firm Neuralink, and tunneling firm The Boring Company.
xAI, has recently been raised $6 billion At a $50 billion valuation less than two years after its founding. That’s more than double its valuation in May, when it was valued at $6 billion at $24 billion by backers like Andreessen Horowitz and Saudi Arabian investor Prince Alwaleed bin Talal.
Musk owns more than 13% of Tesla’s shares, surpassing that of President-elect Donald Trump after winning the presidential election in November. The stock rose to a new record $415 per share On Wednesday, November 4th, 2021, it narrowly surpassed its previous intra-day trading record of $414.50 per share.
In recent weeks, investors have been excited by Trump’s potential actions that could help the automaker, including Streamlining autonomous vehicle regulations And finished $7,500 user tax credit For electric vehicles. Musk has said that eliminating those credits would hurt Tesla’s rivals more than it would hurt his company, though analysts hope Some downsides in the short term.
Several analysts have also raised their price targets for the stock in recent days as they look to capture the stock’s growth, often pointing to Tesla’s plans for driverless vehicles and humanoid robots.
