Since Election Evening, Elon Musk, who performed an energetic position in President Donald Trump‘s efforts to safe a second time period in 2025, has solely gained higher affect inside Trump’s inside circle. In November 2024, Trump introduced that Musk, together with former Republican presidential candidate Vivek Ramaswamy, would lead the newly established Division of Authorities Effectivity (DOGE), which isn’t an official authorities company. Trump stated the duo “will pave the way in which for my administration to dismantle authorities forms, lower extreme rules, remove wasteful spending, and restructure federal companies.”
Along with this position, Trump’s continued endorsement of Musk has helped increase his enterprise ventures. For instance, SpaceX’s valuation surged to round $350 billion, in accordance with a Bloomberg report from December 2024.”
Discover out extra about Musk’s present monetary standing and uncover who else is presently among the many richest individuals on the planet.
What Is Elon Musk’s Internet Value?
Musk has an estimated worth of $195 billion as of Feb 2025, in accordance with Forbes’ Actual-Time Billionaires Record.
In December 2024, he reached his highest internet value, surpassing $400 billion.
How Did Musk Make His Cash?
A good portion of Musk’s internet value comes from his 12 p.c stake in Tesla, which represents roughly 412 million shares. He has pledged 58 p.c of his Tesla shares as collateral for private loans totaling $3.5 billion. In 2022, Musk bought $40 billion value of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Though Musk nonetheless owns roughly 79 p.c of the corporate at that unique valuation, Twitter’s value has dropped by practically 70 p.c as of August 2024.
Musk can be the co-founder of SpaceX and The Boring Firm and serves as chairman of SolarCity. He owns 43 p.c of SpaceX, which was valued at $180 billion in its most up-to-date funding spherical and was estimated at $350 billion in December 2024. The Boring Firm, in distinction, was valued at round $5 billion in its newest spherical.
Moreover, Musk owns about 54 p.c of xAI, the substitute intelligence firm he based in 2023. The startup was valued at $50 billion as of November 2024, in accordance with the Wall Avenue Journal.
Who Are the Richest Folks within the World?
As of at present, the richest individuals on the planet in accordance with Forbes’ Actual-Time Billionaires Record are:
- Elon Musk – $195 billion
- Jeff Bezos – $194 billion
- Mark Zuckerberg – $177 billion
- Larry Ellison – $141 billion
- Warren Buffett — $133 billion
- Invoice Gates — $128 billion
