Elon Musk Reaches Record Net Worth of $347.8 Billion Post-Trump’s Win

Elon Musk’s net worth surged to a record $347.8 billion following Donald Trump’s election win, driven by a 40% rise in Tesla stock and a significant increase in the value of Musk’s AI company, xAI. His wealth, now more than $80 billion higher than Larry Ellison's, highlights his dominance in the tech and business sectors. Musk’s diversified ventures, including Tesla and SpaceX, continue to fuel his financial growth.

Elon Musk has set a new record for his wealth, surpassing $340 billion following Donald Trump's win in the 2024 presidential election. Tesla’s stock surged by 40%, and Musk’s AI company xAI saw its value more than double, contributing significantly to his financial growth.

As of November 22, Musk’s net worth reached an estimated $347.8 billion, marking a $70 billion increase since Election Day. The jump follows Tesla’s impressive stock rise, which was up 40% post-election, and a notable $7 billion boost from Tesla’s stock surge.

Musk's wealth has been bolstered by his diverse ventures and growing political influence. His 60% stake in xAI, now valued at $50 billion, has contributed an additional $13 billion to his net worth. This marks a significant rise from his previous high of $320.3 billion in November 2021.

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Musk’s wealth has now surpassed his closest competitor, Larry Ellison, by over $80 billion. With his 13% stake in Tesla valued at $145 billion and his 42% stake in SpaceX contributing $88 billion, Musk continues to dominate the ranks of the world's wealthiest individuals.