The value came up Musk’s wealth Driven by the continuous increase in a company’s shares TeslaA new financing round also contributed to estimating the value of his artificial intelligence startup xAI at $50 billion, adding about $70 billion to Musk’s wealth.
Tesla shares rose 3.8 percent, Friday, reflecting continued optimism that the plans of the US President-elect’s team Donald Trump For self-driving cars and supporting electric cars, a company will be awarded Mask An advantage over competing companies.
The stock has also risen by 45% since November 4, the day before the election, gaining about $350 billion in market value.
Musk’s current net worth puts him in the lead by about $80 billion Larry EllisonChairman of the Board of Directors oraclewho holds the title of the second richest individual in the world with a fortune of $235 billion.
Elon Musk and his companies:
Elon Musk co-founded 7 companies, including:
- Electric car manufacturer Tesla, and owns about 12% of Tesla.
- In rocket production company SpaceX, Musk owns an estimated 42% stake.
- In artificial intelligence startup xA, Musk owns an estimated 54% of the company.
- Musk bought Twitter (later X) in a deal worth $44 billion in 2022.
