Elon Musk: Tesla CEO Elon Musk has created another history by taking his total net worth to $348 billion. With this, he has not only become the richest person in the world but has also been given the status of the richest person in history. The rise in Tesla's shares and the prices of Musk's artificial intelligence company AI have increased his net worth tremendously.  

Tesla's stock and AI valuation increased his wealth

According to the Bloomberg Billionaires Index, the total wealth of the Tesla CEO has reached $348 billion as of November 23, 2024. This increase in wealth has been due to an increase of $119 billion in the last one year. According to reports, the valuation of xAI has reached $50 billion, which has increased Musk's wealth by $13 billion. Tesla's shares rose by 40 percent after Donald Trump's victory in the US presidential election. 

Donald Trump's support became an important reason

Elon Musk's support for Donald Trump and contribution of more than $100 million to his presidential campaign has further strengthened investors' trust in Musk and his companies. Let us tell you that Elon Musk has recently been appointed chairman of the Establishment Department of Government Efficiency (DOGE). Here he will work with biotech expert Vivek Ramaswami.  

SpaceX and other investments

SpaceX could add another $18 billion to Musk's wealth. SpaceX is soon planning funding at a valuation of $250 billion. Musk currently owns 42 per cent of SpaceX, which is valued at $210 billion after the June 2024 tender offer. Apart from this, Musk also has small investments in neural technology company Neuralink and social media platform X (formerly Twitter).  

The property will increase further in the future  

Experts believe that the Tesla CEO's wealth may increase further in the coming times. Possible relaxation in regulatory rules, new projects of SpaceX and the growing influence of xAI will strengthen Musk's business.