On December 11, 2024, the Bloomberg Billionaires Index put Elon Musk’s net worth at $447 billion. That made him the first person in the index’s history to pass $400 billion, and it put him about $198 billion ahead of Jeff Bezos, who was second at $249 billion.
Thank you for reading this post, don't forget to subscribe!What drove the rise
Tesla shares closed at a record $424.77 on December 11, and Bloomberg attributed much of the increase to that rise. An insider share sale that valued SpaceX at about $350 billion also added to his fortune. Bloomberg said Musk had added about $218 billion to his net worth since the start of 2024.
Different rankings
Rankings differ between wealth indexes. A Forbes index reported at the time put Musk at about $374 billion, so the $447 billion figure applies to the Bloomberg index only.
A snapshot, not a current figure
Net worth estimates change every day with share prices and private valuations. This article reports the December 2024 figures only. For current figures, check the Bloomberg Billionaires Index or Forbes’ real-time list.
Editor’s note: an earlier version of this article presented the figure without a date and included unsourced descriptions of his businesses. It has been rewritten to report the dated snapshot and its sources.
Sources
- Bloomberg, Elon Musk’s net worth tops $400 billion, a historic first (11 December 2024): https://www.bloomberg.com/news/articles/2024-12-11/elon-musk-net-worth-tops-400-billion-a-historic-first
- Deccan Herald (Bloomberg), Elon Musk’s net worth tops $400 billion, a historic first (12 December 2024): https://www.deccanherald.com/amp/story/business/elon-musks-net-worth-tops-400-billion-a-historic-first-3314375
- Business Today, Elon Musk makes history by surpassing $400 billion net worth (12 December 2024): https://businesstoday.in/technology/news/story/elon-musk-makes-history-by-surpassing-400-billion-net-worth-distancing-himself-from-bezos-zuckerberg-457026-2024-12-12
- NTD, Musk’s net worth nearly $450 billion as Tesla stock jumps (12 December 2024): https://www.ntd.com/musks-net-worth-nearly-450-billion-as-tesla-stock-jumps_1034266.html