Since Election Night, Elon muskWho Played an active role in President Donald Trump‘S Efforts to Secure a Second Term in 2025, Has Only Gained Greater Influence within Trump’s Inner Circle.
On November 12, 2024, Trump Announced That Musk, Along with Former Republican Presidential Candidate Vivek Ramaswamywould lead the newly established department of government efficiency (dog), which is not an official government agency. Trump said the duo “Will Pave the way for my administration to dismantle government bureaucracy, cut excess excess regulations, eliminate wasteful spaceding, and restructure federal agencies.”
Trump’s Ongoing Endersment of Musk has Bolsred His Business Ventures. For example, spacex saw its valuation surge to about $ 350 billion, according to a Bloomberg Report from December 2024.
On May 28, 2025, Elon Reveled that his time with the trump administration has come to an end. On XHe Wrote, “As My Scheduled Time as a Special Government Employee Comes to an end, I would like to thank president @Redonaldtrump for the options to reduce He Continued, “The @Doge Mission will only strengthen over time as it becomes a way of life through the government.”
Learn more about Musk’s net worth and other details below.
What is Musk’s Net Worth?
Musk currently has an estimated network of $ 429.0 billion, according to Forbes’ real-time billionaires list At the time of publication.
He was the first person to surpass a net worth of $ 400 billion, peaking at $ 464 billion on December 17, 2024.
How did musk make his money?
A Significant Port of Musk’s Net Worth Comes from His 12% Stake in Tesla, which represents Approximately 412 Million Shares. He has pledged 58% of his tesla shares as collectorate for personal loans totaling $ 3.5 billion. In 2022, Musk Sold $ 40 Billion Worth of Tesla Stock to Help Fund His $ 44 Billion Acquisition of Twitter, which he later rebranded as x. Although Musk Styl Owns Rogh 79% of the Company AT Original Valuation, Twitter’s Worth Has Dropped By Nearly 70% as of August 2024.
Musk is also also 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 recent funding round and is now estimated at $ 350 billion. The boring company, in contrast, was valued at Around $ 5 billion in its latest found.
Additionally, Musk Owns about 54% of Xai, The Artificial Intelligence Company He Founded in 2023. The Startup was valued at $ 50 billion as of last month, According to the Wall Street Journal,
Who are the richest people in the world?
As of today, the richest people in the world according to 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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