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Musk's net worth has surpassed 360 billion dollars, soaring by 130 billion dollars this year.
Tesla's stock price surged 5.34% on Friday, closing at $389.22, with a cumulative increase of about 57% year-to-date, reaching a market cap of $1.22 trillion. As Tesla's stock price soared, the net worth of the company's CEO Elon Musk also reached a new milestone. According to the Bloomberg Billionaires Index, as of Friday's close, Musk's net assets were approximately $362 billion, surging by $133 billion year-to-date, surpassing Jeff Bezos, who ranks second on the rich list, by about $122 billion. Musk is the richest man in terms of wealth growth this year, followed closely by Meta's CEO Mark.
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On Friday, Tesla, the top stock in US trading, closed up 5.34%, with a trading volume of 29.872 billion dollars. Since Trump's election victory, Tesla's stock price has risen by over 60% to date. According to documents released by the Federal Election Commission on the evening of the 5th, Musk, CEO of Tesla and SpaceX, donated 0.259 billion dollars to a group supporting Trump's 2024 campaign, becoming one of the largest presidential campaign sponsors in US history. On November 12th local time, President-elect Trump announced that Musk and Ramaswamy would jointly lead the proposed "Department of Government Efficiency" after he took office.
Weekly Buzz: Now THOSE are records!!
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Express News | TransAlta Shares Are Trading Higher. The Stock May Be Moving Higher Amid a Report Nvidia-backed Cohere Is Looking to Open a Multi-billion AI Data Center in Canada
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