Elon Musk's net worth has reached $436.3 billion, fueled by Tesla's stock performance and SpaceX's valuation. His close ties to President Trump have raised concerns about potential conflicts of interest.
South Africa-born Elon Musk has seen his net worth reach $436.3 billion, according to the Forbes Real Time Billionaires List. Musk’s wealth, largely based on the share price of Tesla and the valuation of SpaceX, already took a huge leap after Donald Trump won last month’s US presidential election. Musk has been a prominent political donor and advocate for Trump, pumping a staggering $270 million into the Republican’s campaign.
He has been an ever-present sidekick for Trump since his election victory, inviting him to watch a rocket launch in Texas by his SpaceX company. Musk’s businesses all have varying degrees of interactions with US and foreign governments, and his proximity to Trump has raised concerns that Musk will be able to give advantage to his own interests. Musk is also expected to secure a reduction in regulations for Tesla as well as elimination of tax credits on electric vehicles that will punish the car-maker’s rivals. Trump has selected Musk to co-head the so-called Department of Government Efficiency (DOGE), which is set to deliver billions of dollars of cuts in federal spending and slash government red tape. Musk’s startup xAI said it had raised $6 billion from investors in its latest funding round
ELON MUSK NET WORTH TESLA SPACEX POLITICS
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