The new wealth record has been driven by a Tesla stock surge late last week and a $50 billion funding round for Musk’s AI startup.
Tesla CEO and tech billionaire Elon Musk is now richer than ever, with his net worth soaring to $348 billion, a new record high stemming from Donald Trump’s victory in the United States presidential election.
Elon Musk’s net worth hit an all-time high of $347.8 billion by the end of trading on Friday, Nov. 22, propelled by Tesla’s stock (TSLA) rally and a new $50 million funding round valuing his artificial intelligence startup xAI at $50 billion.
The previous peak of $335 billion was reached on Nov. 12, with Musk seeing almost a billion dollars per day added to his net worth over the past fortnight. Since the beginning of the year, Musk’s net worth has increased by 52%, which equates to a whopping $119 billion, according to the Bloomberg Billionaires Index.
