Elon Musk Becomes Wealthiest Person in History With $347.8 Billion Net Worth

A post-election surge in Tesla stock and rising valuations of SpaceX and xAI have propelled Musk to a record-breaking fortune.

Elon Musk's net worth has reached $347.8 billion, surpassing his previous record of $320.3 billion set in 2021.
Tesla's stock price increased 40% following the U.S. presidential election, driven by investor optimism about deregulation under President-elect Donald Trump, adding $7 billion to Musk's fortune in a single day.
Musk's 42% stake in SpaceX, valued at $210 billion, and a potential new funding round could further boost his wealth by $18 billion if the company's valuation reaches $250 billion as speculated.
The valuation of Musk's AI company, xAI, doubled to $50 billion, with his 60% ownership contributing $13 billion to his net worth.
Musk is now $80 billion ahead of Oracle chairman Larry Ellison, the world's second-richest individual, who has a net worth of $235 billion.