Elon Musk’s Net Worth Now More Than Bezos and Zuckerberg Combined

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Elon Musk's Net Worth Now More Than Bezos and Zuckerberg Combined

Elon Musk’s estimated net worth has skyrocketed to an unprecedented $486 billion, making him wealthier than the combined fortunes of Amazon CEO Jeff Bezos ($246 billion) and Meta’s Mark Zuckerberg ($219 billion).

According to the Bloomberg Billionaires Index, Musk saw his wealth grow by $257 billion this year alone, the largest annual increase on the list.

This surge places Musk in a category of his own. As the first person to surpass $400 billion in personal wealth, some experts predict he could become the world’s first trillionaire by 2027.

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How Did Elon Musk Build His Fortune?

Musk’s extraordinary wealth stems from strategic ventures, groundbreaking innovations, and shrewd investments across various industries. Here’s a closer look:

  • Early Ventures and PayPal: Musk started with Zip2, a software company sold to Compaq for $307 million in 1999. He later co-founded X.com, which became PayPal, sold to eBay for $1.5 billion in 2002.
  • Tesla’s Dominance: As CEO, Musk turned Tesla into the world’s most valuable carmaker, valued at over $700 billion. Its electric vehicles (EVs) and energy solutions positioned the company at the forefront of renewable energy innovation.
  • SpaceX’s Success: Founded in 2002, SpaceX revolutionized space exploration with reusable rockets and commercial space flights, securing lucrative government contracts.
  • Investments and Acquisitions: Musk’s investments span innovative companies like Neuralink (brain-computer interfaces) and The Boring Company (transport solutions). His acquisition of X (formerly Twitter) in 2022 redefined the social media landscape.
  • Stock Holdings and Market Performance: Tesla’s soaring stock price and SpaceX’s valuation of over $100 billion are significant drivers of his fortune.
  • Government Contracts: Tesla and SpaceX have benefited from subsidies, contracts, and tax incentives, further boosting their value.

Musk’s relentless pursuit of disruptive innovation across industries has solidified his financial success and influence globally.

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Musk’s Role in Trump’s Administration

Musk’s wealth also intersected with politics. Following a $277 billion investment in Donald Trump’s presidential campaign, his net worth jumped 77% after the 2024 US election.

He was appointed head of the newly created Department of Government Efficiency (DOGE) in Trump’s administration, a role that aligns with Musk’s advocacy for streamlined governance.

Speculated Political Donations in the UK

Musk recently met with Nigel Farage, leader of the UK Reform Party, and billionaire Nick Candy at Trump’s Mar-A-Lago mansion.

Rumors suggest Musk may donate $100 million to Reform, potentially the largest political donation in British history.

However, Musk denied committing to this amount, leaving the possibility of smaller contributions open. Farage called the rumors “pure speculation” but confirmed Musk’s strong support for Reform.

On his social media platform, X, Musk hinted at his political leanings by responding “yes” to a post predicting a Reform Party victory in the next UK election.

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Wealth Rankings: A Global Snapshot

Here’s how Musk compares to other billionaires on the list:

  1. Elon Musk: $486 billion
  2. Jeff Bezos: $246 billion
  3. Mark Zuckerberg: $219 billion
  4. Larry Ellison: $193 billion
  5. Bernard Arnault: $179 billion
  6. Larry Page: $174 billion
  7. Bill Gates: $165 billion

A Billionaire Redefining Success

Elon Musk’s rise to the top is a testament to his vision and ability to disrupt industries. From electric vehicles to space exploration and social media, his influence continues to reshape the global landscape.

With projections hinting at him becoming the world’s first trillionaire, Musk’s journey is far from over, leaving the world watching what he will accomplish next.