ELON Musk has hit a new milestone as he is now wealthier than Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg combined.
With a jaw-dropping fortune of $474billion, Musk isn’t just the richest person alive but he’s also paving the way to becoming the world’s first trillionaire.
Elon Musk is getting one step closer to becoming the world’s first trillionaireCredit: Reuters
The Tesla boss has become richer than Amazon founder Jeff Bezos (pictured)Credit: AP
Bezos’s $251 billion fortuned combined with Mark Zuckerberg’s (pictured) $221billion net worth still falls $2billion short than Musk’sCredit: AP
Bezos’s net worth stands at $251 billion, while Zuckerberg’s is $221billion.
Together, the tech moguls’ combined wealth still falls $2billion short of Musk’s, according to the Bloomberg Billionaires Index.
Much of the X boss’ fortune comes from Tesla, the world’s most valuable car company, which has seen its stock skyrocket recently.
Tesla’s market value now sits at $1.36 trillion, with Musk owning a 12% stake.
This surge has been fuelled by strong demand for electric vehicles and advancements in artificial intelligence, both areas where Musk is a leader.
His other companies are also big contributors.
SpaceX, his private space exploration company, is worth $210 billion thanks to government contracts and successful satellite launches.
The Tesla chief also founded xAI, an artificial intelligence startup, which is valued at $50 billion.
Even his tunneling company, The Boring Company, is valued at nearly $6 billion.
In comparison, Bezos’ wealth largely depends on Amazon’s stock, which has grown more slowly.
Zuck’s wealth comes from Meta (the parent company of Facebook, Instagram, and WhatsApp), which has gained value through investments in artificial intelligence and augmented reality.
Musk isn’t just dominating business—he’s also making waves in politics.
After spending $277 million to support Republican candidates, including President-elect Donald Trump, Musk has been chosen to lead a new government advisory group called the “Department of Government Efficiency” (DOGE).
The group will work with the White House to improve government operations.
However, some people are worried about potential conflicts of interest as Musk’s companies, including Tesla and SpaceX, rely on government contracts, Newsweek reports.
Musk has grown increasingly close to President-elect Donald Trump and will now lead a new government advisory group under the Trump administrationCredit: AP
The tech mogul, pictured at a Trump Vance rally, also spent $277 million to support Republican candidatesCredit: Getty
Elon Musk could become the world’s first trillionaire as Tesla’s stock has surged 84% since November, and analysts believe its value could keep climbing.
“If SpaceX and xAI were public companies, their market value would probably double,” said Gene Munster, an investment expert.
Dan Ives, a tech analyst at Wedbush Securities, said Musk’s focus on AI and robotics is a major reason for Tesla’s growth.
He explained: “The next few years could change everything for Tesla and Musk’s other companies.”
With a fortune growing faster than ever, Musk’s climb to $1 trillion no longer seems impossible.
Whether or not he reaches that milestone, his influence in tech, business, and now politics, continues to grow.
For now, the world is watching as the tech mogul keeps setting records and reshaping industries.
