Elon Musk Becomes World’s Richest Person with Net Worth Surpassing $300 Billion

As of November 2024, Elon Musk's net worth has surged to over $300 billion, solidifying his position as the world's wealthiest individual. This remarkable increase in wealth is primarily attributed to his substantial stakes in Tesla, SpaceX, and various other ventures, which have seen significant growth due to favorable market conditions and strategic business developments.

In contrast, Bill Gates's fortune stands at approximately $103 billion, placing him among the top ten richest people globally. Gates, known for his philanthropic efforts and technological innovations, remains a prominent figure in the wealth rankings, though he trails significantly behind Musk.