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Elon Musk’s net worth surges past $300B

Posted on 11/8/24 at 5:48 pm
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
58583 posts
Posted on 11/8/24 at 5:48 pm
quote:

Elon Musk’s backing of President-elect Donald Trump has paid off handsomely as his net worth surged past the $300 billion mark on Friday — much of it due to Tesla’s market capitalization surpassing $1 trillion.

Musk, who donated nearly $120 million to a pro-Trump super PAC, was worth $304 billion as of Friday, according to Forbes, which calculated his fortune by factoring in his 20% stake in Tesla as well as his estimated 42% equity in SpaceX.

In November 2020, around 75% of Musk’s wealth was derived from his stake in Tesla.


quote:

Musk is also the majority owner of xAI, the artificial intelligence startup that he founded last year. Musk’s stake in the company, which is in talks on a new funding round that could value the firm at as much as $40 billion, is 60%, according to Forbes.


LINK
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
70326 posts
Posted on 11/8/24 at 5:49 pm to
Elon is really Bruce Wayne, isn't he.
Posted by CAD703X
Liberty Island
Member since Jul 2008
91021 posts
Posted on 11/8/24 at 5:53 pm to
Come on one trillion!
Posted by Barbados
Member since Nov 2024
2089 posts
Posted on 11/8/24 at 5:54 pm to
Liberals committing suicide over this news.

Buuut twitter is dead!
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
24430 posts
Posted on 11/8/24 at 5:55 pm to
Damn Libs told me he would regret dropout $50 billion on Twitter
Posted by danilo
Member since Nov 2008
24676 posts
Posted on 11/8/24 at 5:55 pm to
Doesn’t matter how much he is worth he still has a tranny son. Failure.
This post was edited on 11/8/24 at 5:56 pm
Posted by SmackoverHawg
Member since Oct 2011
30887 posts
Posted on 11/8/24 at 5:56 pm to
He's upped mine by about $500k. Thanks Elon!!!!.
Posted by billjamin
Houston
Member since Jun 2019
16340 posts
Posted on 11/8/24 at 5:57 pm to
Where’s the guy who was saying Teslas stock was about to crash?
Posted by The Boat
Member since Oct 2008
175418 posts
Posted on 11/8/24 at 5:58 pm to
Libs right now

Posted by SmackoverHawg
Member since Oct 2011
30887 posts
Posted on 11/8/24 at 6:01 pm to
quote:

Elon is really Bruce Wayne, isn't he.

No. That would be Trump. Elon is Tony Stark. He even has one of those power packs in his chest, it hasn't always looked as wonky as it does.

I think Melania is a La Femme Nikita type. She's always scanning the surroundings and has the eyes of an assassin.
Posted by ZIGG
Member since Dec 2016
11732 posts
Posted on 11/8/24 at 6:04 pm to
Mark Cuban right now

Posted by SoFla Tideroller
South Florida
Member since Apr 2010
38645 posts
Posted on 11/8/24 at 6:04 pm to
I was told on here that his purchase of Twitter was going to bankrupt him
Posted by Arkapigdiesel
Faulkner County
Member since Jun 2009
15369 posts
Posted on 11/8/24 at 6:06 pm to
quote:

Elon Musk

The greatest African American of all time.
Posted by jefforize
Member since Feb 2008
45617 posts
Posted on 11/8/24 at 6:09 pm to
Tmcgin is seething
Posted by MrSpock
Member since Sep 2015
5045 posts
Posted on 11/8/24 at 6:10 pm to
quote:

$300B


Between me and Elon we average a 150B net worth. Not bad
Posted by VOLhalla
Knoxville
Member since Feb 2011
4951 posts
Posted on 11/8/24 at 6:15 pm to
quote:

Musk is also the majority owner of xAI, the artificial intelligence startup that he founded last year. Musk’s stake in the company, which is in talks on a new funding round that could value the firm at as much as $40 billion, is 60%, according to Forbes.


This is why Musk got involved in the election - the next administration is going to write the rules about AI development and with Trump in his pocket Musk will be the one writing those rules.

Average workers might get fricked but Musk will be the worlds first trillionaire
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
19425 posts
Posted on 11/8/24 at 6:18 pm to
I love the fact he just bought twitter out of spite.

Pretty much told anyone upset about it, guess you can just cry about it lol
Posted by lsupride87
Member since Dec 2007
107909 posts
Posted on 11/8/24 at 6:21 pm to
quote:

Elon is really Bruce Wayne
Almost

Posted by LSURussian
Member since Feb 2005
133445 posts
Posted on 11/8/24 at 6:32 pm to
quote:

Musk, who donated nearly $120 million to a pro-Trump super PAC, was worth $304 billion as of Friday,
I'm proud to say that Elon and I have a combined average net worth of over $152 billion.
This post was edited on 11/8/24 at 6:39 pm
Posted by deltaland
Member since Mar 2011
100001 posts
Posted on 11/8/24 at 6:33 pm to
I can’t even imagine being worth that much money. How do you even manage it? I’d probably go around tossing 100k cash to random people for fun
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