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Since Election Night, Elon Musk, who performed an lively position in President Donald Trump‘s efforts to secure a second term in 2025, has only gained greater influence within Trump’s inside circle.
On November 12, 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 mentioned the duo “will pave the way for my administration to dismantle government bureaucracy, cut excessive regulations, eliminate wasteful spending, and restructure federal agencies.”
Trump’s ongoing endorsement of Musk has bolstered his enterprise ventures. For instance, SpaceX noticed its valuation surge to about $350 billion, in line with a Bloomberg report from December 2024.
On May 28, 2025, Elon revealed that his time with the Trump administration has come to an finish. On X, he wrote, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.” He continued, “The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”
Learn extra about Musk’s web value and different particulars under.
What Is Musk’s Net Worth?
Musk presently has an estimated web value of $429.0 billion, in line with Forbes’ Real-Time Billionaires List on the time of publication.
He was the primary particular person to surpass a web value of $400 billion, peaking at $464 billion on December 17, 2024.
How Did Musk Make His Money?
A good portion of Musk’s web value 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 offered $40 billion value 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 unique valuation, Twitter’s value has dropped by practically 70% as of August 2024.
Musk can 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 is now estimated at $350 billion. 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 final month, in line with the Wall Street Journal.
Who Are the Richest People within the World?
As of right this moment, the richest individuals on this planet in line with Forbes’ Real-Time Billionaires List are:
- Elon Musk – $334.2 billion
- Jeff Bezos – $214.8 billion
- Mark Zuckerberg – $214.1 billion
- Larry Ellison – $186.5 billion
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