Since Election Night time, Elon Musk, who performed an energetic function in President Donald Trump‘s efforts to safe a second time period in 2025, solely gained better affect in Trump’s interior circle till their falling out. 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 was not an official authorities company. Trump mentioned the duo “will pave the best way for my administration to dismantle authorities forms, reduce extreme laws, get rid of wasteful spending, and restructure federal companies.”
Along with this function, Trump’s continued endorsement of Musk initially helped enhance his enterprise ventures. For instance, SpaceX’s valuation surged to round $350 billion, in response to a Bloomberg report from December 2024.”
Nonetheless, Musk’s top-ranking because the world’s richest man was dethroned by fellow billionaire Larry Ellison, who as of 2025, is now the wealthiest particular person on earth, in response to Bloomberg.
Discover out who else is at the moment among the many richest folks on this planet.
What Is Elon Musk’s Web Price?
Musk has an estimated worth of round $385 billion as of 2025, in response to a number of retailers. In December 2024, he reached his highest web price, surpassing $400 billion, however that decreased the next 12 months.
What Is Larry Ellison’s Web Price?
Ellison has a web price of about $390 billion because of a surge in his firm Oracle’s inventory pricing skyrocketed in September 2025. Simply days prior, Ellison’s web price was $100 billion decrease.
Who Are the Richest Folks within the World?
As of at this time, the richest folks on this planet in response to Bloomberg, Forbes and a number of other different retailers are:
- Larry Ellison — $390 billion
- Elon Musk – $385 billion
- Mark Zuckerberg – $274 billion
- Jeff Bezos – $246 billion
How Did Musk Make His Cash?
A good portion of Musk’s web price comes from his 12 % stake in Tesla, which represents roughly 412 million shares. He has pledged 58 % of his Tesla shares as collateral for private loans totaling $3.5 billion. In 2022, Musk offered $40 billion price of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Though Musk nonetheless owns roughly 79 % of the corporate at that authentic valuation, Twitter’s price has dropped by almost 70 % as of August 2024.
Musk can also be the co-founder of SpaceX and The Boring Firm and serves as chairman of SolarCity. He owns 43 % 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 % of xAI, the unreal intelligence firm he based in 2023. The startup was valued at $50 billion as of November 2024, in response to the Wall Avenue Journal.