Elon Musk Breaks His Own Record Again, Assets Exceed $500 Billion Milestone

The net worth of billionaire Elon Musk has reached a record high of $500 billion as of Tuesday (17/12), according to the Bloomberg Billionaires Index. Elon Musk has continuously broken his own records since Donald Trump was elected as the US President in early November. Earlier on December 11th, the net worth of the Tesla CEO reached $400 billion, becoming the first person to surpass this milestone. Therefore, after only one week, the billionaire’s wealth has increased by an additional $50 billion. The “alliance” with President-elect Donald Trump has “boosted” Musk’s projects. Elon Musk has also been appointed by Trump as the Minister of the Future Effective Government (DOGE) to be established. As CEO of Tesla, Musk currently owns 13% of the world’s most valuable electric car company. Tesla shares have risen more than 70% this year, bringing Tesla’s market capitalization to nearly $1.4 trillion. This figure also surpasses Buffett’s Berkshire Hathaway market capitalization (about $1 trillion) and is close to Meta’s market capitalization of $1.6 trillion. Musk is also the CEO of the aerospace company SpaceX, holding 42% of the shares. SpaceX is valued at 350 billion USD. In addition, Musk also heads a series of companies, including xAI, Neuralink, The Boring Company, and X Corp (formerly Twitter). With the current growth rate, Elon Musk could become the first billionaire in the world to own assets of 1,000 billion USD in the near future.