Elon Musk’s net worth reaches 500 billion dollars! Know where the stake is?

The net worth of Tesla and SpaceX CEO and X proprietor Elon Musk has reached $500 billion. He has turn into the first individual in the world to accumulate a lot wealth. By Bloomberg Billionaires Index Report This main change has occurred on account of Musk’s affect in lots of areas together with electrical autos, house exploration, synthetic intelligence and social media. Earlier in December 2024, in response to reviews, Musk’s net worth was $400 billion. His fast improve in wealth displays the success of his core companies. Let us find out about it intimately.

Elon Musk crosses $500 billion mark

Elon Musk’s $500 billion net worth is basically tied to his stakes in a number of transformative corporations. Each asset in his portfolio performs an vital position in shaping each his net worth and his imaginative and prescient for the future.

Tesla has the greatest contribution
Tesla is globally on prime in Electric Vehicle (EV) and Renewable Energy which holds the most vital place in Musk’s wealth. Musk owns 13% of Tesla, his largest monetary asset. As for inventory choices, he has an extra 304 million exercisable inventory choices granted as a part of his 2018 compensation package deal. These choices improve his possession worth and earnings to a fantastic extent.

spacex
SpaceX is an rising firm which is Musk’s non-public aerospace firm. It is represented in his wealth. Musk controls 42% of SpaceX via a belief, giving him a majority stake in the firm. SpaceX is valued at $350 billion by December 2024.

X Corp
Elon Musk acquired Twitter, which has now been rebranded as X Corp. Musk owns 79% of X Corp following a $44 billion acquisition in 2022. However, after its buy, X Corp’s worth fell about 72% based mostly on Fidelity’s October 2024 submitting.