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Elon Musk Becomes Richest Person in Human History

 Elon Musk Becomes Richest Person in Human History


Elon Musk, the owner of companies including Tesla, X and SpaceX, has not only returned to being the richest person in the world, but has also become the richest person in human history.



According to Forbes, Musk has made history with a total wealth of $334.3 billion. With Donald Trump's victory as US President, the share prices of Musk's electric car company Tesla, which he has become a staunch supporter and ally, have increased significantly.


According to Forbes, Musk's total wealth had reached $321.7 billion by the close of the market on Friday, November 22. After Tesla's share price rose by 3.8 percent to its highest in three and a half years, exceeding $352 per share, Musk's wealth increased by $7 billion in a single day.


Musk, who has returned to the top of the world's richest list, is now $80 billion more than Oracle Chairman Larry Ellison, who is currently in second place.


The majority of Musk's total wealth comes from Tesla, where he holds a 13 percent stake.


Musk's AI company, X AI, is now worth $50 billion, which has also helped him increase his wealth. Similarly, the market capitalization of space company SpaceX, which has a market capitalization of $210 billion, also accounts for a significant portion of Musk's billion-dollar wealth. Musk's stake in SpaceX is 42 percent.


Musk's wealth is now $70 billion more than it was on the day of the last presidential election in the United States. Tesla's value has increased by 40 percent since then.


Elon Musk's close relationship with incoming President Donald Trump has boosted investor sentiment. According to the Wall Street Journal, the incoming Trump administration will adopt policies that will benefit companies including Tesla.


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