Elon Musk's net worth approaches $350 billion, refreshing historical record

According to the latest Bloomberg Billionaires Index, the net worth of TSL CEO Elon Musk has reached an unprecedented $348 billion, thanks to the recent sharp rise in TSL stock price and the successful financing round of xAI, which has brought the valuation of Musk's AI startup to $50 billion. This has enabled Musk to surpass his record of $340.4 billion set in 2021. As of this year, Musk's net worth has increased by $118 billion, surpassing the second richest person, Amazon founder Jeff Bezos, whose wealth is $129 billion. After Trump won the US presidential election, TSL's stock price soared and closed at $352.56 on Friday. Musk's personal wealth now exceeds the Market Cap of the US cloud computing giant Salesforce, which was approximately $327 billion at the close of last Friday. (Global Market Broadcast)