From election night, Elon Muskplayed an active role in the president Donald TrumpEfforts to secure a second term in 2025 only gained greater influence within Trump’s inner circle.
On November 12, 2024, Trump announced that Musk had announced the mask along with a former Republican presidential candidate Vivek Ramaswamywhich will lead the newly established Office of Government Efficiency (DOGE), not an official government agency. Trump said the duo would “pay the way for my administration to dismantle government bureaucracy, reduce excessive regulations, eliminate unnecessary spending and restructure federal agencies.”
In addition to this role, Trump’s continued support for masks has strengthened his business venture. SpaceX, for example, saw a surge in valuations at around $350 billion. Bloomberg Reports starting December 2024.
For more information about Musk’s net worth and other details, see below.
What is Mask’s net worth?
Musk currently has an estimated net worth of $334.2 billion. Forbes’ real-time billionaires list.
He peaked at $464 billion on December 17, 2024, and was the first to surpass his $400 billion net worth.
How did Mask make his money?
A significant portion of Musk’s net worth comes from a 12% stake in Tesla, representing approximately 412 million shares. He pledged 58% of his Tesla stock as collateral for a personal loan totaling $3.5 billion. In 2022, Musk sold $400 billion worth of Tesla stock to fund a $44 billion acquisition of Twitter. He later reformed with X.
Musk is also co-founder of SpaceX and the Boring Company and is chairman of SolarCity. He owns 43% of SpaceX, which is valued at $180 billion in the latest funding round and is currently estimated at $350 billion. In contrast, the boring company was valued at around $5 billion in its latest round.
Additionally, Mask owns approximately 54% of Xai, an artificial intelligence company founded in 2023. Wall Street Journal.
Who is the wealthiest person in the world?
As of today, according to the wealthiest people in the world Forbes’ real-time billionaires list teeth:
- Elon Musk – $33.42 billion
- Jeff Bezos – $214.8 billion
- Mark Zuckerberg – $214.1 billion
- Larry Ellison – $186.5 billion
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