Tesla’s stock price skyrocketed after Musk-backed Trump won the US presidential election, catapulting the EV maker’s market cap above 1 trillion dollars for the first time since 2022. Thanks to the massive rally on Friday, CEO Elon Musk’s personal net worth surged beyond the $300 billion mark, making him the first person on this planet to achieve this feat.
Musk got richer by $13 billion on Friday during the Tesla stock rally. According to the Bloomberg Billionaire Index, the 53-year-old’s net worth is estimated at around $314 billion, putting him on top of the list.
According to Bloomberg Billionaires Index, The Tesla CEO is $84 billion wealthier than the second richest person on this planet, Amazon founder and arch-rival Jeff Bezos, with a net worth of $230 billion. To put that number into context, the difference in wealth between the world’s top two richest people is more than the GDP of one of the wealthiest nations, Luxembourg.
The tiny European nation, known for its strong financial services sector and strategic location, is consistently ranked among the world’s wealthiest countries. According to the International Monetary Fund (IMF), Luxembourg has the highest GDP per capita, around $135,000. However, the nominal GDP of Luxembourg is $82 billion as of 2022.
Musk’s wealth is expected to grow significantly in the coming months as analysts anticipate the introduction of federal policies that could benefit Tesla and other companies he owns. Would it propel Musk to become the world’s first trillionaire sooner than 2027, as predicted by a research group? Well, you never know!
