Business News Desk – There has been a huge jump in the net worth of Elon Musk in recent times. According to the latest data, at present Musk’s total net worth has reached 486 billion dollars and soon he can touch the figure of 500 billion dollars, from which he is now just 14 billion dollars away. It is being said that this jump in Musk’s wealth has come due to the increasing value of his companies and profitable ventures. Let us tell you in detail today where and how Musk is earning so much…
Tesla
According to the report, a large part of Musk’s net worth comes from Tesla and Musk is the company’s largest shareholder with a 13 percent stake. He received $304 million stock options from his 2018 compensation package, which contributes the bulk of his net worth. Let us tell you that due to the popularity of Tesla’s electric vehicles and solar batteries, the value of the company is continuously increasing.
spacex
In December 2024, SpaceX was valued at $350 billion. Musk holds 42 percent equity in the company, which is playing a big role in increasing his net worth. Let us tell you that this company makes rockets for NASA and supplies it to the space station.
X Corp
Musk bought Twitter for $44 billion in April 2022 and rebranded it as X Corp. Musk now holds 79 percent equity in X Corp. Let us tell you that Musk has many new plans for X, which can further increase the value of the company in the future.
other companies
His projects like Neuralink and Boring Company are also contributing significantly to Elon Musk’s net worth. For those who don’t know, let us tell you that Neuralink is working on brain-chip technology, while Boring Company is developing underground transport system.