Tesla’s Elon Musk is Nearing $250 Billion in Total Net Worth

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Photo: Bloomberg Billionaire Index

In January, Tesla and SpaceX Head Elon Musk became the richest person on Earth, and now he’s set to surpass another major milestone.

As of Friday, Musk is nearing $250 billion USD in total net worth, according to the Bloomberg Billionaire Index. The chart also shows that Musk has gained nearly $80 billion USD this year alone, most recently garnering another $6.85 billion USD.

Musk’s rocketing net worth is thanks to Tesla’s stock hitting new all-time highs today, after an impressive third quarter during the global semiconductor shortage.

Musk also heads the list as the world’s richest person, landing ahead of other top 5 richest billionaires Jeff Bezos ($198 billion USD), Bernard Arnault ($164 billion USD), Bill Gates ($133 billion USD) and Mark Zuckerberg ($127 billion USD).

Another notable top 10 richest is Warren Buffett, who backs Chinese automaker BYD, among a wide range of other companies.

In September, Musk donated $50 million USD to help St. Jude Children’s Research Hospital reach its fundraising goal during the SpaceX Inspiration4 mission.

Musk has also faced scrutiny around the world from several different sources, most recently undergoing an investigation from a U.S. agency over Tesla’s advanced driver assistance system (ADAS).

Earlier this week, Musk protested the prospective pick for a new National Highway Traffic Safety Administration (NHTSA) as having a history of bias against Tesla, amidst a probe from the agency into Tesla’s Autopilot and first-responder crashes – to which Tesla must respond by today.

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