Musk’s Wealth Hits Record $348 Billion on Post-Election Boom
- Tesla shares have climbed steadily since Trump was elected
- Musk’s net worth exceeds previous high set in November 2021
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Elon Musk’s net worth hit an all-time high of $347.8 billion on Friday, driven by Tesla Inc.’s ongoing stock rally and a new funding round valuing his artificial intelligence startup xAI at $50 billion.
Musk’s numerous businesses have been surging in value since Donald Trump’s election victory propelled Musk, the so-called “first buddy,” into the political spotlight.