Elon Musk, the CEO of SpaceX and Tesla has reached a net worth of $486 billion at the age of 53, surpassing Jeff Bezos and Mark Zuckerberg combined, according to the Bloomberg Billionaires Index.

Musk recently invested $277 million in the campaign of Republican Donald Trump which quickly turned to $224 billion in just 43 days since the US elections&nbsp;in November.

Musk’s net worth is almost double that of Jeff Bezos, the second-richest person and founder of Amazon, who is currently worth $250 billion. While Meta CEO Mark Zuckerberg is the third richest with $219 billion.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/elon-musk-becomes-worlds-first-person-to-reach-net-worth-of-400bn-783382">Elon Musk becomes world's first person to reach net worth of $400bn</a>

Musk, the wealthiest person in the world, has a 13 per cent stake in Tesla, the electric car company, which soared from $242 on November 5 to $479.86 on Tuesday (Dec 17). On the same day, Musk’s worth increased by $12 billion, making his current fortunes more than the gross domestic product of Bangladesh, Vietnam and the Philippines.

It is expected that Musk’s close relations with President-elect Trump will benefit Tesla shareholders gain increased profits from federal policies that favour electric cars and automated driving.

Apart from Tesla, Musk has a 42 per cent stake in SpaceX, a private space exploration company, which is valued at $350 billion, according to Bloomberg News. The company’s valuation has doubled within a year, making it the world’s most valuable startup.

Also read |&nbsp;<a href="https://www.wionews.com/world/nigel-farage-courts-musk-as-reform-uk-party-eyes-central-role-in-countrys-politics-784907">Nigel Farage courts Musk as Reform UK party eyes central role in country’s politics</a>

SpaceX has an extensive network of Starlink satellites and undertakes space missions to deliver supplies to NASA astronauts aboard the International Space Station via its Dragon 2 spacecraft along with providing private spaceflights.

Musk also founded xAI in 2023, an artificial intelligence firm, which further increased his fortunes. The company, which is a competitor of OpenAI, is valued at $50 billion, $25 billion of which is estimated to be Musk’s stake.

Musk also owns the social media platform X, a tunnel construction firm Boring Company, and the brain implant startup Neuralink. He is also a longtime investor in cryptocurrencies.

Watch |&nbsp;Elon Musk Unveils Ambitious Vision For Austin Texas, Wants To Turn HQ Into A Texas City

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-unveils-ambitious-vision-for-austin-texas-wants-to-turn-hq-into-a-texas-city-783999/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Recently he was appointed to lead the new Department of Government Efficiency by Trump, which promised to cut $2 trillion from the federal budget.

(With inputs from agencies)

Elon Musk, the CEO of SpaceX and Tesla has reached a net worth of $486 billion at the age of 53, surpassing Jeff Bezos and Mark Zuckerberg combined, according to the Bloomberg Billionaires Index.

Elon Musk, the CEO of SpaceX and Tesla has reached a net worth of $486 billion at the age of 53, surpassing Jeff Bezos and Mark Zuckerberg combined, according to the Bloomberg Billionaires Index. Musk recently invested $277 million in the campaign of Republican Donald Trump which quickly turned to $224 billion in just 43 days since the US elections in November. Musk’s net worth is almost double that of Jeff Bezos, the second-richest person and founder of Amazon, who is currently worth $250 billion. While Meta CEO Mark Zuckerberg is the third richest with $219 billion. Also read | Elon Musk becomes world's first person to reach net worth of $400bn Musk, the wealthiest person in the world, has a 13 per cent stake in Tesla, the electric car company, which soared from $242 on November 5 to $479.86 on Tuesday (Dec 17). On the same day, Musk’s worth increased by $12 billion, making his current fortunes more than the gross domestic product of Bangladesh, Vietnam and the Philippines. It is expected that Musk’s close relations with President-elect Trump will benefit Tesla shareholders gain increased profits from federal policies that favour electric cars and automated driving. Apart from Tesla, Musk has a 42 per cent stake in SpaceX, a private space exploration company, which is valued at $350 billion, according to Bloomberg News. The company’s valuation has doubled within a year, making it the world’s most valuable startup. Also read | Nigel Farage courts Musk as Reform UK party eyes central role in country’s politics SpaceX has an extensive network of Starlink satellites and undertakes space missions to deliver supplies to NASA astronauts aboard the International Space Station via its Dragon 2 spacecraft along with providing private spaceflights. Musk also founded xAI in 2023, an artificial intelligence firm, which further increased his fortunes. The company, which is a competitor of OpenAI, is valued at $50 billion, $25 billion of which is estimated to be Musk’s stake. Musk also owns the social media platform X, a tunnel construction firm Boring Company, and the brain implant startup Neuralink. He is also a longtime investor in cryptocurrencies. Watch | Elon Musk Unveils Ambitious Vision For Austin Texas, Wants To Turn HQ Into A Texas City × Recently he was appointed to lead the new Department of Government Efficiency by Trump, which promised to cut $2 trillion from the federal budget. (With inputs from agencies)

Elon Musk surpasses the net worth of Bezos and Zuckerberg combined

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector.

The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/us-sues-tiktok-over-privacy-violations-involving-children-under-13-746784">US sues TikTok over privacy violations involving children under 13</a>

Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index.

Also read |&nbsp;<a href="https://www.wionews.com/world/woman-fined-ps11000-over-five-minute-parking-rule-in-uk-746804">Woman fined £11,000 over five-minute parking rule in UK</a>

Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022.

Also read |&nbsp;<a href="https://www.wionews.com/world/sunderland-riots-police-station-torched-mosque-surrounded-by-far-right-mob-video-746781">Sunderland riots: Police station torched, mosque surrounded by far-right mob - VIDEO</a>

Investors are worried that this year’s big profits from AI might be too high or that the market is too focused on just a few companies. Amazon’s stock saw its biggest drop since April 2022 after the company revealed it plans to keep spending a lot on AI, even if it means making less money in the short term.

Also read |&nbsp;<a href="https://www.wionews.com/world/us-90-chance-of-tropical-storm-hitting-florida-governor-desantis-declares-state-of-emergency-746809">US: 90% chance of tropical storm hitting Florida; Governor DeSantis declares state of emergency</a>

At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high.

(With inputs from agencies)

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index.

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector. The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion. Also read | US sues TikTok over privacy violations involving children under 13 Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index. Also read | Woman fined £11,000 over five-minute parking rule in UK Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022. Also read | Sunderland riots: Police station torched, mosque surrounded by far-right mob - VIDEO Investors are worried that this year’s big profits from AI might be too high or that the market is too focused on just a few companies. Amazon’s stock saw its biggest drop since April 2022 after the company revealed it plans to keep spending a lot on AI, even if it means making less money in the short term. Also read | US: 90% chance of tropical storm hitting Florida; Governor DeSantis declares state of emergency At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high. (With inputs from agencies)

Amazon loses $134 billion in stock slump, Bezos sees $15.2 billion drop in net worth

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector.

The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/us-sues-tiktok-over-privacy-violations-involving-children-under-13-746784">US sues TikTok over privacy violations involving children under 13</a>

Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index.

Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion, as reported by the Bloomberg Billionaires Index. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022.

Also read |&nbsp;<a href="https://www.wionews.com/world/sunderland-riots-police-station-torched-mosque-surrounded-by-far-right-mob-video-746781">Sunderland riots: Police station torched, mosque surrounded by far-right mob - VIDEO</a>

At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high.

Jeff Bezos, the billionaire founder of Amazon, experienced a significant decline in his net worth, which fell by $15.2 billion, leaving him with $191.5 billion, according to the Bloomberg Billionaire Index. This dramatic drop reflects broader turbulence in the tech sector. The Nasdaq 100 Index experienced a 2.4% decline, which adversely affected the net worth of several tech billionaires. Elon Musk's fortune decreased by $6.6 billion, while Larry Ellison of Oracle Corp. saw a reduction of $4.4 billion. Also read | US sues TikTok over privacy violations involving children under 13 Technology billionaires Larry Page, Sergey Brin, and Mark Zuckerberg each lost more than $3 billion when shares of Meta Platforms Inc. and Alphabet crashed in the New York trade. The combined drop in their fortunes amounted to $68 billion, according to Bloomberg’s wealth index. Amazon.com Inc. saw its shares fall by 8.8% amid a broader market selloff, reducing Jeff Bezos' net worth to $191.5 billion, as reported by the Bloomberg Billionaires Index. This significant loss marks Bezos' third-largest one-day decline, following a $36 billion drop on April 4, 2019, due to his divorce settlement, and a 14% plunge in Amazon shares on April 29, 2022. Also read | Sunderland riots: Police station torched, mosque surrounded by far-right mob - VIDEO At 60 years old, Bezos has been actively selling Amazon shares throughout the year, including $8.5 billion worth in February and an additional planned sale of 25 million shares worth $5 billion last month when Amazon reached a new record high.

Amazon loses $134 billion in stock slump, Jeff Bezos sees $15.2 billion drop in net worth

Amazon founder Jeff Bezos is going to space next month. The rocket will blast off from Texas on July 20. Thousands are now signing petitions demanding Bezos should not be allowed to return to Earth. Palki Sharma brings you a report.

Gravitas: Jeff Bezos is going to Space

jeff-bazos

Jeff Bazos, News on Jeff Bazos, stories on Jeff Bazos, articles on Jeff Bazos, Jeff Bazos stories at Wion, Jeff Bazos news, Jeff Bazos latest news

jeff bazos

Elon Musk surpasses the net worth of Bezos and Zuckerberg combined

Amazon loses $134 billion in stock slump, Bezos sees $15.2 billion drop in net worth

Amazon loses $134 billion in stock slump, Jeff Bezos sees $15.2 billion drop in net worth

Gravitas: Jeff Bezos is going to Space