Elon Musk’s total wealth has increased by 13 billion dollars, after which his net worth has increased to 334.3 billion dollars i.e. Rs 28 lakh crore. This rise has come after the Wall Street Journal reported that the valuation of their generative artificial intelligence business, xAI, has increased to $ 50 billion. Musk has 60% stake in AI business.
Earning of Rs 70 billion in 20 days
According to Forbes, Musk’s wealth has increased by approximately $70 billion since the election. Elon Musk has achieved a historic feat, becoming the richest person in history with his net worth increasing by a staggering $70 billion in just 20 days. Their rapidly growing wealth now exceeds the entire GDP of Myanmar, further cementing their position as a financial superpower.
The close relationship between Trump and Elon Musk has increased the confidence of investors. Elon Musk contributed more than $100 million to Trump’s campaign after supporting him earlier this year. He will collaborate with biotech entrepreneur Vivek Ramaswamy in his new role as chairman of the Department for Government Efficiency (DOGE). Wall Street analysts believe Tesla will benefit greatly from the Trump administration’s expected regulation measures, particularly as its self-driving programs may appear to benefit.
Musk has this much percentage in Tesla
According to speculation, SpaceX’s impending investment round could result in an additional $18 billion increase to Musk’s net worth, valuing the business at $250 billion. With $235 billion, Musk is now $80 billion richer than his friend and Oracle chief Larry Ellison, who is the second richest person. Musk has a 13 percent stake in Tesla, due to which he has a separate wealth of $ 145 billion.
Owns 42% of SpaceX
Musk owns a 42% stake in SpaceX, which was valued at $210 billion in a June tender offer, which is his second main source of wealth. This brings Musk’s total stake in the private aerospace and satellite communications company to $88 billion. Musk owns low-value shares in his other businesses, including social media platform X, formerly known as Twitter, and Neuralink, a company that makes human brain implants. Tesla is also there.