Elon Musk’s Net Worth Hits Record-Breaking $400 Billion

Making headlines once more is Elon Musk. The 53-year-old is ending 2024 hitting a historical record-breaking milestone after his new estimated net worth revealed that he may now be well surpassed $400 billion, according to Bloomberg. 

The tech mogul’s wealth is primarily driven by the soaring value of his companies, Tesla and SpaceX. CNBC confirmed in November that Musk’s private stake in SpaceX hit a valuation jump to $350 billion. 

Tesla’s stock also hit new highs this week, which propelled Musk’s wealth to $440 billion. The billionaire’s wealth surge comes after his active involvement in U.S. politics. In fact, CNBC reported that Musk pumped a quarter of a billion dollars towards Donald Trump’s second term as president campaign.

As of December 2024, Musk is $140 billion ahead of Amazon founder Jeff Bezos, who ranks second on the Bloomberg Billionaires Index.