Elon Musk's Net Worth Reaches Record $348 Billion Amid Tesla Surge

According to Odaily, the latest Bloomberg Billionaires Index reveals that Tesla CEO Elon Musk's net worth has soared to an unprecedented $348 billion. This significant increase is attributed to a sharp rise in Tesla's stock price and a successful funding round for xAI, Musk's artificial intelligence startup, which is now valued at $50 billion. This achievement surpasses Musk's previous wealth record of $340.4 billion set in 2021. Since the beginning of this year, Musk's net worth has grown by $118 billion, placing him ahead of Amazon founder Jeff Bezos by $129 billion. The surge in Tesla's stock price followed the election of Donald Trump as President of the United States, with shares closing at $352.56 on Friday. Musk's personal fortune now exceeds the market value of American cloud computing giant Salesforce, which was approximately $327 billion as of last Friday's close.