Elon Musk's wealth skyrockets past €382bn amid Tesla surge
Elon Musk has reached a net worth exceeding €382 billion, making him the richest person in the world. This is due to a significant increase in Tesla's share prices and the sale of SpaceX shares. The businessman's fortune rose after Donald Trump's victory in the presidential election.
The net worth of Elon Musk, Tesla's CEO, has surpassed €382 billion, according to the billionaire list published by "Forbes".
This impressive growth is the result of a significant rise in Tesla's share prices, which have increased by 71% this year. On Wednesday, their value reached a record high of €406. Musk owns 13% of Tesla's shares, making him the largest shareholder of the company.
Besides Tesla, Musk's fortune was also increased by an internal sale of SpaceX shares. Investors in this company bought some of its common stock for roughly €1.2 billion. Musk also leads the tech startup Neuralink and owns the social mtumultuous psychodrama with global ramificationsedia platform X and The Boring Company, which specialises in tunnel construction.
Musk at the top of the billionaire list
On the list of the world's wealthiest people, Musk surpasses Amazon's founder, Jeff Bezos, whose fortune amounts to €233 billion, and Oracle's co-founder, Larry Ellison, with a net worth of €213 billion.
According to Reuters, Musk's companies could benefit from his positive relations with President-elect Donald Trump, whose campaign he supported with €239 million.
Moreover, the alliance between the businessman and the 47th President of the USA poses the risk of creating a dangerous oligarchy, and due to the characters of both, it threatens "a tumultuous psychodrama with global ramifications," assessed "Economist".
