Musk's Net Worth Tops One-Third of a Trillion Dollars

Quick Summary:

What Happened: Musk’s wealth has seen a substantial increase due to a 3.8% jump in Tesla stock and a new funding round for xAI, which now values the startup at $50 billion.

This significant increase in wealth is attributed to a surge in the stock of Tesla Inc. (NASDAQ:TSLA) and a successful funding round for his AI startup, xAI.

This has led to Musk surpassing his previous wealth record of $340.4 billion set in 2021.

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Article Details

Author / Journalist: Bibhu Pattnaik

Category: Technology

Markets: United States

Topics: AI Generated Tech Net worth Top Stories SpaceX Tesla Jeff Bezos US88160R1014 TSLA Elon Musk News Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 19:30:15 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23803066

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