Elon Musk Net Worth reached 500 billion USD Tesla SpaceX

The net worth of Tesla and SpaceX CEO and X owner Elon Musk has reached $500 billion. He has become the first person in the world to acquire so much wealth. By Bloomberg Billionaires Index Report This major change has happened due to Musk’s influence in many areas including electric vehicles, space exploration, artificial intelligence and social media. Earlier in December 2024, according to reports, Musk’s net worth was $400 billion. His rapid increase in wealth reflects the success of his core businesses. Let us know about it in detail.

Elon Musk crosses $500 billion mark

Elon Musk’s $500 billion net worth is largely tied to his stakes in several transformative companies. Each asset in his portfolio plays an important role in shaping both his net worth and his vision for the future.

Tesla has the biggest contribution
Tesla is globally on top in Electric Vehicle (EV) and Renewable Energy which holds the most important place in Musk’s wealth. Musk owns 13% of Tesla, his largest financial asset. As for stock options, he has an additional 304 million exercisable stock options granted as part of his 2018 compensation package. These options increase his ownership value and profits to a great extent.

spacex
SpaceX is an emerging company which is Musk’s private aerospace company. It is represented in his wealth. Musk controls 42% of SpaceX through a trust, giving him a majority stake in the company. SpaceX is valued at $350 billion by December 2024.

X Corp
Elon Musk acquired Twitter, which has now been rebranded as X Corp. Musk owns 79% of X Corp following a $44 billion acquisition in 2022. However, after its purchase, X Corp’s value fell about 72% based on Fidelity’s October 2024 filing.