{"id":100988,"date":"2024-11-25T02:42:44","date_gmt":"2024-11-25T06:42:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100988"},"modified":"2024-11-25T02:42:48","modified_gmt":"2024-11-25T06:42:48","slug":"elon-musk-hit-348-billion-record-in-net-worth","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/elon-musk-hit-348-billion-record-in-net-worth\/","title":{"rendered":"Elon Musk Hit $348 Billion Record in Net Worth"},"content":{"rendered":"\n

The new fortune record was established as a result of a $50 billion funding round for Elon Musk<\/a>‘s AI startup and a surge in Tesla stock late last week.<\/p>\n\n\n\n

\"Elon
Elon Musk Hit $348 Billion Record in Net Worth<\/em><\/figcaption><\/figure>\n\n\n\n

Elon Musk, the CEO of Tesla\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has achieved a new record high of $348 billion in net worth, resulting from Donald Trump's victory in the United States presidential election.<\/p>\n\n\n\n

By the close of trading on Friday, November 22, Elon Musk's net worth had reached an all-time high of $347.8 billion, thanks to a new $50 million funding round that valued his artificial intelligence startup xAI at $50 billion and Tesla's stock (TSLA)<\/a> rising.<\/p>\n\n\n\n

Elon Musk Networth Hits $348B, Tesla Stock Surge<\/h3>\n\n\n\n

Musk's net worth has increased by nearly one billion dollars per day over the past fortnight, surpassing the previous record of $335 billion on November 12. According to the Bloomberg Billionaires Index, Musk's net worth has increased by 52% since the beginning of the year, amounting to an impressive $119 billion.<\/p>\n\n\n\n

The entrepreneur's net worth surpasses that of his long-time associate and Oracle chairman, Larry Ellison, who is currently valued at $235 billion, by over $80 billion.<\/p>\n\n\n\n

\"Elon
Elon Musk\u2019s net worth over time. Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n

By the close of trading on November 22, Tesla stock had risen by 3.8% to $352.56. According to Google Finance, the electric automaker's shares have nearly doubled in the past six months and are currently only 15% away from their all-time high of $407, achieved in November 2021, three years ago.<\/p>\n\n\n\n

The stock's market value<\/a> has increased by approximately $350 billion since November 4, the day before the election, when it experienced a 45% increase.<\/p>\n\n\n\n

Musk's wealth is predominantly derived from his 42% stake in SpaceX, valued at $210 billion in June, and his 13% stake in Tesla, worth $145 billion.<\/p>\n\n\n\n

According to reports, SpaceX is expected to launch a tender offer round next month, increasing its net worth by an additional $18 billion. The company is valued at over $250 billion.<\/p>\n\n\n\n

Elon Musk, who also owns the microblogging platform X, recently made a jest about acquiring the left-leaning news outlet MSNBC.<\/p>\n\n\n\n

In response to Donald Trump Jr.'s comment, “I have the funniest idea ever!!!” and tagging Elon Musk in response to the news, Musk inquired, “How much does it cost?” on November 23, following Comcast's announcement that it intends to spin off its cable companies, including CNBC and MSNBC, on November 21.<\/p>\n\n\n\n

“I am interested in the position of Rachael Maddow if you acquire MSNBC.” Joe Rogan joked, “I will wear the same outfit and glasses and tell the same lies.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The new fortune record was established as a result of a $50 billion funding round for Elon Musk‘s AI startup and a surge in Tesla stock late last week. Elon Musk, the CEO of Tesla has achieved a new record high of $348 billion in net worth, resulting from Donald Trump’s victory in the United […]<\/p>\n","protected":false},"author":59,"featured_media":99072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12496,223,19338],"class_list":["post-100988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-donald-trump-2","tag-elon-musk","tag-tesla-tsla"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Elon-Musks-Net-Worth-Surge-Over-20-Billion-After-Trump-Win.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100988"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99072"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}