Elon Musk's Wealth Tops $300 Billion As Tesla's Market Cap Soars Above $1 Trillion

Elon Musk‘s fortune skyrocketed past $300 billion on Friday, fueled by a sharp rally in Tesla Inc. (NASDAQ:TSLA)'s stock after Donald Trump's election as the 47th U.S. president.

According to Forbes’ Real-Time Billionaires List, Musk’s net worth reached $305 billion, distantly followed by Oracle Inc. (NASDAQ:ORCL) co-founder Larry Ellison at around $231 billion, and Amazon.com Inc. (NASDAQ:AMZN)'s Jeff Bezos, who trails at approximately $225 billion.

Musk is now more than $100 billion richer than Meta Platform Inc.‘s (NASDAQ:META) CEO Mark Zuckerberg.

The electric carmaker's shares rocketed nearly 30% over the week, driving the company's market capitalization beyond the $1 trillion mark and delivering Musk a massive windfall.

Other than deriving much of his wealth from Tesla, Musk has also diversified his fortune in SpaceX, founded in 2002, which is worth nearly $210 billion based on a tender offer launched during the second half of 2024. Musk owns an estimated 42% stake.

Musk bought Twitter in a $44 billion (enterprise value) deal in 2022, although Forbes estimates that the social media company, ...