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Elon Musk’s skyrocketing total assets: He’s the first person with over $400 billion


Elon Musk

Elon Musk’s skyrocketing total assets: He’s the first person with over $400 billion

Portrait of Jessica Guynn Jessica Guynn

USA TODAY

Now that’s a lot of zeroes.

Elon Musk − whose riches and influence have skyrocketed since President-elect Donald Trump’s win – is the first person to reach $400 billion in total assets.

The Tesla CEO was already the globe’s richest person. The Bloomberg Billionaires Index said Musk’s fortune has increased 77% since the November election to $447 billion. That’s more than Jeff Bezos and invoice Gates combined.

Musk, 53, got a one-day bump of $62.8 billion, in part, from an insider distribute sale at SpaceX that valued the privately held space discovery enterprise at about $350 billion. Tesla shares – which account for most of Musk’s riches – also rallied to a record high Wednesday. 

According to Bloomberg, Musk has added about $218 billion to his total assets since the beginning of 2024. 

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President-elect Donald Trump (L) and Tesla and SpaceX CEO Elon Musk watch a fight during UFC 309 at Madison Square Garden in New York, on November 16, 2024.

Musk, who shelled out over $100 million and turned his social media platform X into an online megaphone to get out the vote for Donald Trump, has emerged as one of the presidential election’s biggest winners.

He has developed a close connection with Trump and has been tapped to receive a key position in the recent administration as co-navigator of the Department of Government Efficiency

While he will not work inside the government, Musk will have a direct line to the White House and significant sway over government policy and the federal agencies that oversee his constellation of six companies from Tesla to SpaceX, which have been awarded billions in federal contracts over the history decade.

Last week a Delaware judge struck down his 2018 pay package at Tesla valued at more than $100 billion for a second period. Tesla said it would appeal the selection.

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