Elon Musk’s Net Worth Hit $485 Billion Tuesday… Hypothetically Could Become The World’s First Half-Trillionaire Tomorrow

ByBrian Warneron December 17, 2024inArticles›Billionaire News

While most of the world is on drone-watch, we here at CelebrityNetWorth are on Elon Musk-half-trillionaire watch . In case you missed our previous coverage , I thought Elon Musk would cross the half-trillion mark today (Tuesday). He didn’t.

After ending last week with a net worth of $450 billion, Elon’s fortune jumped $25 billion to $475 billion on Monday. Based on that jump… and his absolutely insane $200+ billion fortune explosion in the last few weeks… I predicted that Elon would become a half-trillionaire sometime Tuesday. Unfortunately, Elon’s net worth only increased by $10 billion to $485 billion on Tuesday after Tesla’s stock price ended the day up 3.64% at a new all-time high of $479. So, now I’m predicting that Elon will become the world’s first half-trillionaire on WEDNESDAY. Hypothetically. Maybe not. Who knows. But it’s fun to predict!

Update Elon did NOT become a half-trillionaire on Wednesday. In fact, his net worth dropped back down to $460 billion as Tesla shares fell to $440. Easy come, easy go!

Elon Musk's Net Worth Hit $485 Billion Tuesday… Hypothetically Could Become The World's First Half - 1

(Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)

Disclosure: I got caught up in the post-election Tesla/Elon hype on November 11 and bought some shares in a personal investment account. I paid $349 a share. This article is not investment advice. There is no rational reason that Tesla’s market cap has increased by $500 BILLION since early November. It’s very possible Tesla will tank tomorrow (update: It did).

Who was the World’s First Billionaire?

John D. Rockefeller was the world’s first billionaire . He achieved that feat in 1916. To understand how big of a number that was, consider the fact that in 1916, the entire GDP of the United States was $50 billion. That’s 20%. In 2023, US GDP was $27.36 trillion. So imagine if someone’s net worth today was 20% of $27.36 trillion. That would be $5.742 trillion. Elon’s current $485 billion net worth is equal to 1.77% of US GDP.

After adjusting Rockefeller’s peak net worth to the present relative value, most historians peg his all-time fortune at the modern equivalent of $340 billion. That allowed him to be the richest person in history uncontested for around 80 years until late 2021, when he was briefly topped by Elon . Elon’s fortunes dwindled dramatically over the next two years before hitting $350 billion on November 23 of this year. On December 10, he became the first person to have a net worth cross $400 billion . The very next day, he became the first person to have a net worth cross $450 billion. Then $475 billion. And now $485 billion. And perhaps $500 billion tomorrow!

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