Elon Musk, the CEO of Tesla and SpaceX, has hit a new record in personal wealth, reaching a net worth of $334.3 billion. This makes him the richest he has ever been, according to recent reports.
His fortune grew significantly after Tesla’s stock price increased by 3.8%, reaching $352.56 per share, the highest in 3.5 years. The rise in Tesla’s value is linked to investor confidence, driven by the possibility of favorable policies under a potential Trump presidency.
Musk’s wealth is primarily tied to his Tesla shares, currently worth $145 billion. Additionally, his latest AI project, xAI, has added $13 billion to his fortune. His stakes in other companies, including SpaceX, Neuralink, and X (formerly Twitter), further strengthen his position as the world’s richest individual.
Musk’s success reflects the immense impact of his ventures across industries like electric vehicles, artificial intelligence, and space exploration. His growing wealth and influence continue to make him a central figure in the global business and technology landscape.
