Elon Musk Becomes The Richest Person In Human History - Laxman Baral Blog
Elon Musk Becomes The Richest Person In Human HistoryElon Musk Becomes The Richest Person In Human History

Elon Musk Becomes The Richest Person In Human History Elon Musk, the owner of companies including Tesla, X and SpaceX, has not only returned to being the richest person in the world but has also become the richest person in human history.

According to Forbes, Musk has created history with a total wealth of $334.3 billion. With the victory of Donald Trump as US President, the share prices of Musk’s electric car company Tesla, which has become his staunch supporter and ally, have increased significantly.

According to Forbes, Musk’s net worth reached $321.7 billion by the close of the market on Friday, November 22. Musk’s net worth increased by $7 billion in a single day after Tesla’s share price rose 3.8 per cent to a three-and-a-half-year high of $352 per share.

Musk’s AI company X AI is now worth $50 billion, which has also helped him increase his wealth. Similarly, the market capitalization of the space company SpaceX, which is worth $210 billion, also accounts for a significant portion of Musk’s billion-dollar fortune. Musk owns 42 per cent of SpaceX.

Musk’s wealth is now $70 billion more than it was on the day of the last US presidential election. Tesla’s has increased by 40 per cent since then.

Elon Musk’s close relationship with incoming President Donald Trump has boosted investor sentiment. According to the Wall Street Journal, the incoming Trump administration will adopt policies that will benefit companies including Tesla.

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