Odaily News The latest Bloomberg Billionaires Index shows that Tesla CEO Elon Musk's net worth has reached an unprecedented $348 billion. The recent sharp increase is due to Tesla's soaring stock price and a successful round of financing for xAI, which valued Musk's artificial intelligence startup at $50 billion. This allows Musk to surpass his wealth record of $340.4 billion set in 2021. So far this year, Musk's net worth has increased by $118 billion, making his wealth $129 billion higher than the second richest person, Amazon founder Jeff Bezos. Tesla's stock price soared after Trump won the US presidential election, closing at $352.56 on Friday. Musk's personal wealth now exceeds the market value of US cloud computing giant Salesforce, which was about $327 billion as of the close of last Friday. (Global Market Report)