Elon Musk is worth a record $648 billion — and his wealth gain this year exceeds Bernard Arnault’s entire fortune
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Elon Musk’s fortune reached 648 billion dollars, further expanding his title as the richest person in the world.
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His fortune has soared thanks to Tesla’s record rise and SpaceX’s rising valuation.
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Musk earned an unrivaled $216 billion this year, more than Bernard Arnault’s net worth.
Elon Musk’s net worth The Bloomberg Billionaires Index reached a record $648 billion, with this year’s wealth gain surpassing LVMH CEO Bernard Arnault’s entire $205 billion fortune.
The Tesla and SpaceX CEO’s fortune increased by $178 billion in just two days, bringing his year-to-date earnings to an unprecedented $216 billion.
If this figure were his entire fortune, he would be ranked sixth on the rich list. Arnault as well as former Microsoft CEO Steve Ballmer and Nvidia CEO Jensen Huang.
Musk’s record wealth partly reflects Tesla shares closing at an all-time high of $490 on Tuesday. driverless robotoxis test On the streets of Austin, Texas. Musk owns a roughly 12% stake in Tesla, worth about $200 billion.
But the biggest driver of this week’s increase in wealth is SpaceX’s valuation, which has doubled since the summer to $800 billion. Potential IPO next year.
Musk, CEO of Tesla and SpaceX, is more than twice as rich as Alphabet co-founder Larry Page, who is currently number two on the rich list; He has a wealth of $264 billion, following the $96 billion he has acquired since the beginning of the year. Second place after Musk.
Also four times richer than him Warren BuffetBerkshire Hathaway’s outgoing CEO is worth $150 billion after giving more than half of his fortune to good causes.
Musk’s personal wealth exceeds market values SeerMastercard and Johnson & Johnson — three of the 20 most valuable U.S. public companies with market capitalizations exceeding $500 billion. Its recent gains have narrowed the gap with Visa, which has a market cap of $660 billion.
The serial entrepreneur has experienced a dramatic increase in wealth in recent months. Tesla’s shares roughly halved between mid-January and mid-March as the Department of State Efficiency (DOGE) sparked a public outcry and shareholders worried he was worried about it. distraction.
Even musk briefly lost Before Tesla shares soared to new highs, it took over Oracle co-founder Larry Ellison’s top spot on the rich list in September.
Tesla and other major US tech companies have seen their stock prices soar this year. A big buzz around AI. In Musk’s case, he’s exciting investors by spending big on artificial intelligence to improve Tesla’s autonomous vehicles and humanoid robots.
