Elon Musk's net worth soars to record $347.8 billion
- by newsbytesapp.com
- Nov 25, 2024
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What's the story
Elon Musk, the world's richest man, has seen his net worth hit an all-time high of $347.8 billion, Bloomberg reported.
The increase in wealth exceeds his previous all-time high of over $340 billion in November 2021.
The massive increase is largely due to a post-US presidential election rally of Tesla shares, and investors' faith in Musk's ability to sway the incoming Donald Trump administration.
Stock surge
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