Elon Musk Tops $442 Billion Net Worth as Billionaires’ Wealth Hits $10 Trillion

Musk's financial surge, fueled by Tesla's post-election rally and ties to President-elect Trump, highlights a record-breaking year for global billionaires.

Elon Musk's net worth grew by $213 billion in 2024, reaching $442 billion, solidifying his position as the world's richest person.
The combined net worth of the world's 500 wealthiest individuals reached an unprecedented $10 trillion, with tech leaders driving much of the $1.5 trillion annual increase.
Tesla's stock soared over 65% following Donald Trump's election win, driven by optimism around pro-business policies, boosting Musk's wealth significantly.
Other major winners in 2024 include Mark Zuckerberg, Jensen Huang, and Larry Ellison, benefiting from tech sector growth and the AI boom.
Musk's close ties to Trump, including financial support and a new government role, have raised concerns about potential conflicts of interest as his companies secure lucrative contracts.

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