Washington Washington. Tesla chief and tech giant Elon Musk has become the richest person in history. The SpaceX owner's net worth has increased to US$334.3 billion as of November 22, 2024. This jump in his wealth has come due to profits in his major companies. Apart from this, the market boom after the US presidential elections also boosted his net worth. This year his wealth saw a big jump after acquiring stake in Tesla, SpaceX and his AI company xAI.
Musk holds a 13 percent stake, valued at US$145 billion. Tesla's share price rose 40 percent to UISD 352.56 per share after the US presidential election, the highest in more than three years. This alone added US$7 billion to Musk's wealth in one day. Musk's 42 percent stake in Rocket Company is valued at US$210 billion, adding US$88 billion to his wealth. According to speculation, SpaceX's upcoming funding round could increase its valuation to US$250 billion, and increase Musk's wealth by US$18 billion.
Musk owns 60 percent of generative AI firm xAI, which is now valued at USD 50 billion, adding to his wealth by USD 13 billion.
record making
Musk regained the title of owner of the largest net worth ever tracked by Forbes, surpassing his previous record of US$320.3 billion.
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