CEO of Tesla and owner of the microblogging platform X (formerly Twitter), Elon Musk, has once again claimed the title of the world’s richest person.
According to the Bloomberg Billionaires Index, Musk’s net worth soared to an unprecedented $447 billion, making him the first individual in history to surpass the $400 billion mark.
The South African-born US-based entrepreneur overtook Amazon founder Jeff Bezos, whose net worth now trails Musk’s by over $190 billion. Bezos had previously held the top spot for much of the year.
On December 11, Tesla shares reached a record high, closing at $424.77, significantly boosting Musk’s fortune. As Tesla’s largest individual shareholder, the electric vehicle company’s success remains a cornerstone of his wealth.
Adding to this, Musk’s artificial intelligence startup, xAI, has experienced rapid growth. The startup more than doubled its valuation to $50 billion in November after a successful funding round, according to ‘The Wall Street Journal’.
Musk’s influence is not limited to the tech and business worlds. An avid supporter of Donald Trump during the recent U.S. presidential election, Musk has been appointed by the president-elect to lead a new government body, the Department of Government Efficiency (DOGE).
Trump, who defeated Vice President Kamala Harris in the November 5 election, secured more than the required 270 electoral college votes to win. On November 13, he named Musk to oversee the newly established department, signaling Musk’s growing role in shaping U.S. policy under the incoming administration.
Musk’s return to the top spot underscored his dominance across industries, from electric vehicles and artificial intelligence to social media. His ability to drive growth and innovation continued to reshape industries, and his record-breaking net worth highlighted his unparalleled success.
With his wealth and influence at an all-time high, Musk remained a figurehead of technological advancement and economic power, solidifying his position as one of the most impactful leaders of this generation.