Musk’s record-breaking net worth: Elon Musk has become the first individual with a net worth of 447 billion USD. This milestone comes from skyrocketing valuations of his companies, particularly Tesla and SpaceX, alongside impressive gains from his Bitcoin investments.
Significant gains from SpaceX and Tesla: A recent SpaceX equity sale added 50 billion USD to Musk’s wealth, raising its valuation to 350 billion USD. Tesla’s market capitalization also surged to nearly 1,315 trillion USD after a 71% increase in stock price throughout 2024.
Bitcoin investments yield HIGH returns: Musk’s companies hold about 2 billion USD in Bitcoin. Tesla owns 11,509 BTC, worth 1.17 billion USD, while SpaceX has 8,285 BTC valued at 842 million USD, leading to a remarkable 186% return on investment.