The latest Bloomberg Billionaires Index shows that Tesla CEO Elon Musk's net assets have reached an unprecedented $348 billion, with the recent significant growth attributed to Tesla's soaring stock price, as well as a successful financing round for ai, bringing Musk's valuation of this artificial intelligence startup to $50 billion.
This has pushed Musk beyond his 2021 record wealth of $340.4 billion.
So far this year, Musk's net worth has increased by $118 billion, an unprecedented amount, surpassing the second richest person, Amazon founder Jeff Bezos, by $129 billion. After Trump won the US presidential election, Tesla's stock price soared, closing at $352.56 on Friday.
Musk's personal wealth now exceeds the market cap of the US cloud computing giant Salesforce, which closed last Friday at around $327 billion.
The sharp increase in Musk's wealth highlights the growing influence of technology entrepreneurs in the global economy.
Musk's Tesla and SpaceX, SpaceX, at the forefront of technological innovation, driving progress in electric cars and space travel. The successful financing of his ai startup, xAI, also highlights the increasing importance of artificial intelligence in various fields.