Elon Musk’s Wealth SkyrocketsHere’s His Latest Net Worth [Video]

Tesla CEO Elon Musk, the richest person in the world as of November 2024, has an estimated net worth of more than $308 billion, according to Forbes. The Bloomberg Billionaires Index estimates his network at around $335 billion.

Musk’s net worth increased by about $20 billion on Nov. 6th after shares of EV maker Tesla (TSLA) rose by 12% Wednesday morning following Donald Trump’s reelection as president, according to Forbes. Musk has been vocal in his support for Trump, Forbes reported, joining him on the campaign trail and becoming Trump’s second largest donor by putting $118 million into America PAC, which Musk created.

It was the second significant rise to Musk’s net worth in recent works. It increased by $34 billion in October 2024 when Tesla shares had the biggest gain since May 2013 after reporting third-quarter earnings that exceeded analysts’ expectations. Since then, his wealth has continued to rise …