The net worth of billionaire Elon Musk reached a record high of $500 billion as of Tuesday (December 17), according to the Bloomberg Billionaires Index.
Elon Musk has continuously broken his own records since Donald Trump was elected President of the United States in early November. Previously, on December 11, the value of Tesla's CEO's assets reached $400 billion, becoming the first person to surpass this milestone. Thus, just one week later, the billionaire's assets increased by $50 billion.
The 'alliance' with elected President Donald Trump has 'wings' for Musk's projects. Elon Musk has also been appointed by Trump as the Minister of Government Efficiency (DOGE) for the upcoming establishment.
As the CEO of Tesla, Musk owns 13% of the shares in this world's most valuable electric car company. Tesla's stock has increased by more than 70% this year, bringing Tesla's market capitalization to nearly $1.4 trillion. This figure also surpasses Buffett's Berkshire Hathaway market capitalization (about $1 trillion) and is close to Meta's market capitalization of $1.6 trillion.
Musk is also the CEO of the aerospace company SpaceX, holding 42% of the shares. SpaceX is valued at $350 billion.
In addition, 'Minister' Musk also heads a series of companies, including xAI, Neuralink, The Boring Company, and X Corp (formerly Twitter).
With the current growth rate, Elon Musk could become the world's first billionaire with a net worth of $1 trillion in the near future.