Elon Musk surpasses $348 billion: what force drove this wealth to a historic high?

2026-01-12 20:23:41

Abstract generation in progress

Recent data from the Bloomberg Billionaires Index show that Tesla CEO’s fortune has just reached $348 billion – a level never before achieved. What is behind this dramatic leap?

There are several reasons. First of all, Tesla’s shares are experiencing spectacular growth – they closed on Friday at $352.56 per share. At the same time, xAI, an artificial intelligence startup founded under Musk’s leadership, completed a funding round with a valuation of $50 billion.

Calendar of Victories: from September to Now

The beginning of the year brought Musk an astronomical increase of $118 billion in wealth. This pace only shows how dynamically this billionaire’s situation is changing. As a context: this amount exceeds Jeff Bezos’s total wealth, the founder of Amazon, by $129 billion.

How does this compare to the previous record?

The previous peak – $340.4 billion – was set in 2021. Today, this figure already looks like history. The current $348 billion places Musk in a league of exceptionally solitary individuals.

Worth noting: Musk’s wealth now exceeds the market capitalization of Salesforce, a cloud computing giant, which was valued at about $327 billion at the last close. This shows how enormous the proportions have already become.

Donald Trump’s election as U.S. President seems to strengthen market sentiment, where Tesla’s shares are gaining significance. Is this the peak? Could this be the beginning of the next growth phase? For now, Musk is recording his wealth in a record book.

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