The Forbes report suggests that Musk could earn an additional $18 billion from SpaceX, which is considering a tender offer round in December 2024. The recent US election results, which saw Donald Trump elected, have also benefited Musk, boosting equity and cryptocurrency markets. The valuation of Musk's artificial intelligence company, xAI, at $50 billion has further increased his net worth. Musk owns 60% of xAI.
Key takeaways:
- Elon Musk, the world's richest man, has increased his net worth to $334.3 billion as of November 22, 2024, largely due to the performance of Tesla, SpaceX and xAI stocks.
- Musk owns 13% shares in Tesla worth $145 billion, 42% in SpaceX worth $210 billion, and 60% of xAI, valued at $50 billion.
- He could potentially earn an additional $18 billion from SpaceX as the company considers initiating a tender offer round in December 2024.
- Musk's support for President-elect Donald Trump and the subsequent victory in the US election has significantly boosted equity and cryptocurrency markets, further increasing his net worth.