Billionaire Elon Musk’s net worth reached a new record high of $500 billion as of Tuesday (December 17), according to the Bloomberg Billionaires Index. Elon Musk has been repeatedly breaking his own records since Donald Trump was elected president of the United States in early November. Earlier on 12/11, the Tesla CEO’s net worth hit $400 billion, making him the first person to cross that mark. So, just a week later, the star’s fortune increased by $50 billion. A partnership with President-elect Donald Trump “supports” Musk’s projects. Elon Musk was also appointed by Trump as the Secretary of the Department of Government Efficiency (DOGE) to be established. As Tesla’s CEO, Musk owns a 13% stake in the company’s largest electric carmaker in the world. Tesla’s stock has risen more than 70% this year, putting Tesla’s value close to $1.4 trillion. This figure also exceeds the value of Buffett’s Berkshire Hathaway (about $1.000 trillion) and approaches the $1.600 trillion value of Meta. Musk is also the CEO of the aerospace company SpaceX, owning a 42% stake. SpaceX is valued at $350 billion. In addition, Musk’s “minister” heads a series of companies, including xAI, Neuralink, The Boring Company and X Corp (formerly Twitter).At the current growth rate, Elon Musk could become the world's first billionaire with a fortune of $1 trillion in the near future.