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Elon Musk’s Net Worth Tops $400 Billion 🚀

  • Writer: Pluto
    Pluto
  • Dec 16, 2024
  • 1 min read

Elon Musk has made history yet again. His net worth has soared past $400 billion—a staggering figure and a first for any individual. Since Donald Trump’s election victory, Musk’s fortune has climbed 77%, driven largely by Tesla’s skyrocketing share price, which hit an all-time high earlier this month alongside 4 other stocks from the “Magnificent 7.”


Tesla and SpaceX: The Wealth Engines

Tesla’s surge has been pivotal, but Musk’s other crown jewel, SpaceX, has also played a major role in his expanding wealth. The aerospace firm’s success, driven by Starlink’s growth and a series of high-profile contracts, has kept Musk’s portfolio soaring.


Scale of Wealth

Musk’s $400 billion fortune is now nearly double the market cap of AstraZeneca (AZN), the largest company on the FTSE 100. To put that into perspective:

  • At an average cost of $55,000 per Tesla, Musk could buy roughly 7.3 million Tesla vehicles—more than the number Tesla has produced to date.

  • His wealth surpasses the GDP of entire countries like Norway and Finland.

  • Musk’s net worth alone equals just under 20% of Bitcoin’s entire market cap.


Looking Ahead

With Tesla continuing to dominate the electric vehicle market and SpaceX pushing boundaries in space exploration, Musk’s fortune appears far from plateauing. Whether $400 billion is just another milestone remains to be seen, but for now, it marks another chapter in Musk’s unprecedented ascent.

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