Billionaire tech mogul's wealth reaches unprecedented milestone, driven by success of Tesla, SpaceX, and diverse business portfolio
In a historic milestone for global wealth accumulation, Tesla CEO and tech entrepreneur Elon Musk has become the first person in history to amass a net worth of $500 billion, according to the Bloomberg Billionaires Index. This unprecedented achievement comes as Musk’s various ventures continue to demonstrate remarkable growth and market dominance.
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Key Highlights
- Musk’s wealth jumped from 400 billion to 500 billion in just one week
- Tesla ownership stands at approximately 13% plus 304 million exercisable stock options
- SpaceX valued at $350 billion with Musk maintaining 42% ownership
- X (formerly Twitter) ownership at 79%, despite 72% value decline since acquisition
Elon Musk’s Business Portfolio Breakdown
- Tesla: As the world’s most valuable automaker, Tesla remains Musk’s primary wealth generator, with his stake including both direct ownership and stock options from his 2018 compensation package.
- SpaceX: The private space company, valued at nearly $350 billion, represents a significant portion of Musk’s wealth through his 42% ownership stake.
- X Corp: Despite a significant valuation decline since its $44 billion acquisition in 2022, Musk maintains majority control with 79% ownership.
- Additional Ventures: Musk’s portfolio includes stakes in Neuralink, xAI, and The Boring Company, though these represent smaller portions of his total wealth.
Notable Achievements
- First individual to surpass $400 billion net worth (December 2024)
- Became world’s richest person in January 2021
- Signatory of the Warren Buffett’s Giving Pledge since 2012
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