Elon Musk capped off 2024 with an extraordinary boost to his wealth, becoming one of the biggest beneficiaries of the year’s historic surge among the world’s richest billionaires.
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The net worth of Musk grew by staggering $213 billion this year alone, courtesy his close ties to US President-elect Donald Trump and the rallying performance of Tesla, SpaceX and his other business ventures.
According to Bloomberg's Billionaire Index, the combined net worth of the world’s 500 wealthiest individuals hit an unprecedented $10 trillion in 2024 with Musk emerging as the standout figure, accounting for more than 13% of the total wealth surge among the top billionaires.
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Musk’s fortune soared by a record $170 billion in 2024–putting him an all-time high dollar amount ahead of Jeff Bezos, the world’s second richest person. By year’s end, Musk’s net worth stood at $442.1 billion, up $213 billion from the start of 2024. The gap between Musk and Jeff Bezos, the world’s second-richest person, reached a record $237 billion, underscoring the sheer scale of Musk’s financial dominance. Bloomberg reported this disparity as the largest ever
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