Unbelievable: Elon Musk has more money than Mark Zuckerberg and Jeff Bezos combined

Mark Zuckerberg and Jeff Bezos are the second and third richest people in the world, but their combined fortunes are still $2 billion behind Musk’s.

According to the Bloomberg Billionaires Index, Elon Musk, CEO of Tesla and SpaceX, now has a net worth of $474 billion, more than the combined fortunes of Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg.

Bezos’ net worth is now $251 billion, while Zuckerberg’s is $221 billion. They are the second and third richest people in the world, but their combined wealth is still $2 billion less than Musk’s.

Elon Musk has more money than Mark Zuckerberg and Jeff Bezos combined

The Bloomberg Billionaires Index tracks the daily net worth of the world’s richest individuals based on stock prices and other assets. At 53, Musk has always been ranked as one of the world’s richest people, but the latest milestone reflects a significant rise in the value of Tesla stock and other holdings. He is now the first person in history to have a net worth exceeding $400 billion.

The figure cements the power of the owner of Platform X (formerly Twitter) as he continues to dominate the technology, auto and social media industries. Musk spent more than $277 million to support Donald Trump in the US presidential election. After the election, he earned more than $170 billion, according to The Washington Post.

Just one day after the US presidential election in November, Tesla shares closed at a record $424.77 per share, raising Tesla’s value to $1.36 trillion. This helped Musk add about $52 billion to his fortune.

Musk spent more than $277 million to support the US presidential election and then earned more than $170 billion

Tesla, where Musk owns a 12% stake, has seen its stock rise steadily over the past year, thanks to strong demand for electric vehicles and advances in artificial intelligence (AI). SpaceX, the private space exploration company Musk leads, has also seen its value rise thanks to successful satellite launches and government contracts. As of the second half of this year, SpaceX was valued at $210 billion, according to Bloomberg.

Dan Ives, director of global technology research at Wedbush Securities, called Musk’s bet on Trump “a historic bet” and predicted that the next four years will be “a complete turnaround” for Tesla’s autonomous driving and AI projects.

Musk has been tasked with leading the “Department of Government Efficiency” (DOGE), alongside former Republican presidential candidate and biotech engineer Vivek Ramaswamy. According to Trump, this non-governmental advisory group will “provide advice and guidance from outside the government, in partnership with the White House and the Office of Management and Budget.”

Since his appointment to the role, there have been concerns about potential conflicts of interest, given Musk’s significant roles in both government and the private sector. Dan Ives predicts Tesla’s valuation could rise by 25%, according to Opening Bell Daily, noting that much of Tesla’s growth to date has come after Election Day.