DIGIVESTASI - Elon Musk continues to set new records for personal wealth. According to the Bloomberg Billionaires Index, Musk's total net worth has surpassed USD 400 billion, equivalent to over IDR 6,400 trillion, making him the first individual in history to reach this milestone.

Driving Factors Behind Musk's Wealth Surge

Musk's wealth grew by approximately USD 20 billion, largely fueled by the rising valuation of SpaceX, which is now estimated to be worth USD 350 billion. This boost comes after an internal agreement enabling SpaceX and its investors to trade shares worth USD 1.25 billion.

Musk’s wealth has also been bolstered by the aftermath of Donald Trump’s victory in the 2024 U.S. Presidential Election. His close relationship with Trump has generated optimism among investors that Musk's businesses will thrive further under the new administration.

Key Roles and Ventures

Elon Musk serves as the CEO of Tesla and SpaceX and owns X (formerly known as Twitter). In addition to these ventures, Musk leads Neuralink, xAI, and The Boring Company. Notably, Musk is set to co-lead the Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy in the upcoming Trump administration.

Tesla Stock and Musk’s Wealth

Tesla shares hit a record high, closing at USD 424.77 per share on Wednesday. Since the announcement of the U.S. election results, Tesla shares have skyrocketed by 65%. This surge is attributed to investors’ confidence that Musk's leadership will benefit from Trump’s pro-business policies and regulatory environment.

Breakdown of Musk’s Wealth Sources

The majority of Musk's wealth stems from his stakes in the companies he leads:

• Tesla: Musk, who serves as Tesla's CEO, holds about 17% of the company, making him its largest shareholder. With Tesla’s valuation standing at USD 1.3 trillion, the company ranks among the world’s most valuable businesses.

• SpaceX: The private aerospace giant, valued at USD 350 billion, represents another substantial source of Musk's wealth. SpaceX is involved in high-profile projects such as NASA missions to the International Space Station (ISS) and the Starlink satellite internet constellation. Musk owns roughly 48% of the company.

• X (formerly Twitter): Musk acquired Twitter for USD 44 billion, though its valuation has significantly dropped and is currently estimated at USD 19 billion.

• xAI: Musk's artificial intelligence company recently experienced a sharp rise in valuation, reaching USD 50 billion following a funding round in November, marking a significant increase from earlier this year.

Looking Ahead

Elon Musk’s rising net worth underscores his pivotal role in shaping industries ranging from electric vehicles to space exploration and artificial intelligence. As his ventures continue to evolve, his financial and technological influence shows no signs of slowing down.