Elon Musk the owner of Tesla, X, and SpaceX including other companies has marked new milestones in terms of net worth as it has been recently recorded that his net worth hit an all-time high of $347.8 billion.
The majority of media outlets claim that a sudden spike in Musk’s net worth has been primarily backed by the historical victory of Donald Trump in the presidential elections of the United States.
However on the other hand some argue the boost has been backed by the It is worth noting that the stock price of Tesla has surged roughly 3.50 percent in the past 25 hours reaching $352.56.
The spike in its trading prices isn’t normal as it never registered such as massive volume and price growth in the YTD frame.
After the recent growth in net worth, Musk now become one of the richest men in history. In its recent report, WSJ cited the growth of the valuation of xAI, an artificial intelligence company owned by Musk behind the addition of $13 billion to his wealth.
Finance experts speculate the total worth of Musk will continue to grow in the coming years as he shares a good bond with the newly elected president of the US, which might help him to improve its business operations and others over the region and worldwide.
Elon Musk to Become the Richest of the Century!
It is largely speculated that the empire of Musk will continue to grow without any hindrance in the coming years, as Trump and his administration are expected to favor the X owner ( formerly Twitter), which might help him to overcome the lawsuits and regulatory actions taken against him and his companies under the leadership of the 46th president of the United States, Joseph Robinette Biden Jr.
When writing, the real-time net worth of Elon Musk was $334.3 billion, making him one of the wealthiest businessmen in the world followed by Jeff Bezos with $197 billion in net worth, and Mark Zuckerberg at $181 billion, as per Forbes.
Under the presidency of Joe Biden, companies owned or linked to Elon reportedly faced hundreds of allegations, yet some public lawsuits have also been registered against the companies and their owners.
Data from Companiesmarketcapitalization states that Tesla is the 8th most prominent publicly traded company, with a market capitalization of $1.131 trillion. By the end of 2023, the recorded cap of the company was $789.89 billion, which surged more than 44 percent, reaching above the mark of $1 trillion.
The report information also notes that Musk has allegedly co-founded Musk, he also owns X, The Boring Company, Neuralink, and a few others. He is reportedly a member of the Dogecoin advisory panel, yet he has never confirmed this.
It is widely believed that there are more chances that Musk’s wealth will grow to new heights in the coming times than steady and slow growth. Since the beginning of this year, the wider crypto market has seen whopping growth, especially after Trump’s victory.
Until publishing, Bitcoin was trading at $98,265, growing 7.90 percent weekly and 33 percent monthly. At the same time, the cryptocurrency market capitalization was at $1.94 trillion, and it is expected to soon surpass the milestone of $2 trillion in cap.
