Since Election Night, Elon Musk, who performed an energetic function in President Donald Trump‘s efforts to secure a second term in 2025, has only gained greater influence within Trump’s internal circle. In November 2024, Trump introduced that Musk, together with former Republican presidential candidate Vivek Ramaswamy, would lead the newly established Department of Government Efficiency (DOGE), which isn’t an official authorities company. Trump stated the duo “will pave the way for my administration to dismantle government bureaucracy, cut excessive regulations, eliminate wasteful spending, and restructure federal agencies.”
In addition to this function, Trump’s continued endorsement of Musk has helped enhance his enterprise ventures. For instance, SpaceX’s valuation surged to round $350 billion, in keeping with a Bloomberg report from December 2024.”
Find out extra about Musk’s present monetary standing and uncover who else is presently among the many richest folks on this planet.
What Is Elon Musk’s Net Worth?
Musk has an estimated worth of $195 billion as of Feb 2025, in keeping with Forbes’ Real-Time Billionaires List.
In December 2024, he reached his highest internet price, surpassing $400 billion.
How Did Musk Make His Money?
A good portion of Musk’s internet price comes from his 12 % stake in Tesla, which represents roughly 412 million shares. He has pledged 58 % of his Tesla shares as collateral for private loans totaling $3.5 billion. In 2022, Musk bought $40 billion price of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Although Musk nonetheless owns roughly 79 % of the corporate at that authentic valuation, Twitter’s price has dropped by almost 70 % as of August 2024.
Musk can also be the co-founder of SpaceX and The Boring Company and serves as chairman of SolarCity. He owns 43 % of SpaceX, which was valued at $180 billion in its most up-to-date funding spherical and was estimated at $350 billion in December 2024. The Boring Company, in distinction, was valued at round $5 billion in its newest spherical.
Additionally, Musk owns about 54 % of xAI, the substitute intelligence firm he based in 2023. The startup was valued at $50 billion as of November 2024, in keeping with the Wall Street Journal.
Who Are the Richest People within the World?
As of at present, the richest folks on this planet in keeping with Forbes’ Real-Time Billionaires List are:
- Elon Musk – $195 billion
- Jeff Bezos – $194 billion
- Mark Zuckerberg – $177 billion
- Larry Ellison – $141 billion
- Warren Buffett — $133 billion
- Bill Gates — $128 billion