As the curtains close on 2023, Elon Musk has once again cemented his position as the world’s richest man. Despite a tumultuous year filled with market volatility, Twitter controversies, and personal challenges, Musk’s net worth ballooned by a staggering $100 billion. According to the Bloomberg Billionaire Index, Musk’s estimated net wealth is up by $101 billion. Musk’s personal wealth in 2021 stood at $340 billion. However, 2022 saw Musk lose a whipping $182 billion and now net worth stands at $238 billion.
It is Tesla that continues to be the driver for Musk. The electric car giant remains Musk’s golden goose. Despite a few bumps in the road, Tesla’s stock price soared in 2023, fuelled by record deliveries and expanding global reach.SpaceX, Musk’s aerospace brainchild, continues to grow. Successful launches, satellite internet, and lucrative government contracts propelled SpaceX’s valuation to new heights. It is estimated that SpaceX is now valued at $175 billion.
Beyond Tesla and SpaceX, Musk’s ventures like Neuralink and The Boring Company continue to attract attention and investment. His involvement in Twitter, though tumultuous, has added another layer to his diverse portfolio and kept his name in the news cycle.
Musk acquired Twitter last year and has made wholesales changes to the social media platform. The biggest change being the rebranding — which drew a lot of criticism — of the platform. Musk changed the name of Twitter to X and has lofty ambitions of making it an “everything app”. His tweets created a lot of controversies as he even fired people on the platform.
The bulk of Musk’s wealth is tied to his ownership of stocks. The greater the surge in share prices, the more substantial his overall value becomes. Clearly, Musk continues to have the X factor when it comes to topping the list of richest individuals in the world.
