Sunday , December 22 2024

Where is Elon Musk getting so much money from? Net worth will soon cross $500 billion

Image 2024 12 17t124401.966Image 2024 12 17t124401.966

Elon Musk Net Worth: Recently, there has been a tremendous jump in the wealth of Elon Musk and his total net worth has crossed 400 billion dollars, creating a new record. Now Elon Musk is once again very close to making a mega record. Elon Musk’s wealth may soon increase to $500 billion. Currently, Elon Musk’s total net worth is $474 billion. His wealth increased by $19.2 billion in one day.

There has been a huge jump in Elon Musk’s wealth in one year. He has earned 245 billion dollars in just one year. Due to the spectacular rise in the shares of his companies, he has earned a lot of money during the year.

This billionaire is at number two

Elon Musk is currently the richest person in the world. Next is Jeff Bezos, whose net worth is $251 billion and he has earned $74.5 billion this year. At third place is Mark Zuckerberg, whose wealth has increased by $ 92.6 billion so far this year and his total wealth is $ 221 billion. This is less than Musk’s earnings this year.

How did Musk’s wealth increase?

Elon Musk openly supported Donald Trump in the US presidential elections. When Trump won, there was a huge jump in the shares of his companies. According to the Bloomberg Billionaires Index, as of November 5, 2024, Elon Musk’s net worth was $264 billion. Musk’s wealth has increased by $210 billion in about 40 days. This year his wealth has increased by 107.1%.

Where is Elon Musk getting so much money from?

Musk owns about 13% of Tesla. Its shares are flying like a rocket. There was a jump of more than 36 percent in a month. Due to which his wealth has also increased. Musk owns about 42% of SpaceX. This company is also doing great work. Additionally, he is estimated to own approximately 79% of X Corp.