As a seasoned analyst with years of experience in tracking tech moguls and their empires, I must say that Elon Musk’s meteoric rise to become the world’s richest man is nothing short of extraordinary. It’s fascinating to witness such rapid growth, especially considering the volatile nature of the stock market and geopolitical events like the U.S. presidential election.
Currently, the CEO of Tesla and a notable tech mogul, Elon Musk, has achieved an unprecedented wealth level with his net worth reaching an all-time high of $348 billion, which can be attributed to the triumph of Donald Trump as the U.S. President.
On November 22nd, the culmination of trading activities saw Elon Musk’s personal wealth reach a record-breaking peak of $347.8 billion. This surge was primarily due to Tesla’s (TSLA) stock price increase and a fresh $50 million funding round that valued his xAI artificial intelligence company at an impressive $50 billion.
Over the last two weeks, almost a billion dollars have been added daily to Elon Musk’s net worth, peaking at an impressive $335 billion on November 12th. Since the start of this year, his wealth has grown by an astounding 52%, translating to approximately $119 billion, according to the Bloomberg Billionaires Index.
Currently, the entrepreneur boasts a fortune that surpasses his long-time friend and Oracle chairman, Larry Ellison’s, by over $80 billion. Mr. Ellison’s net worth stands at approximately $235 billion.
On November 22, Tesla’s stock price surged by 3.8%, ending the day at $352.56. Over the past six months, the company’s shares have nearly doubled, and they are currently only 15% below their all-time high of $407 reached in November 2021, as reported by Google Finance.
Since November 4, which was the day prior to the election, the stock’s value has increased by approximately 45%, translating to an additional market worth of roughly $350 billion.
Most of Elon Musk’s wealth is derived from his significant ownership – approximately 13% – in Tesla, with a value of around $145 billion, and his substantial controlling share – roughly 42% – in SpaceX, which was estimated to be worth about $210 billion in June.
Reports suggest that the value of SpaceX could exceed $250 billion in the coming month, potentially adding an additional $18 billion to Elon Musk’s net worth, as SpaceX is planning a tender offer round.
Elon Musk, who also owns microblogging platform X, recently joked about purchasing left-leaning news outlet MSNBC.
On November 21st, Comcast declared their plan to separate their cable businesses, which encompasses CNBC and MSNBC. This announcement prompted Elon Musk to query, “How much does it cost?” on November 23rd, following Donald Trump Jr.’s remark, “I have the most hilarious idea ever!!!”, and tagging Elon Musk in relation to the news.
Joe Rogan jokingly said, ‘If I were to purchase MSNBC, I’d love to have Rachel Maddow’s role. I’d dress similarly and don her signature glasses, but I’d keep telling the same stories (or maybe he meant jokes).’
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2024-11-25 06:18