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Fortune

Brooke Seipel

Elon Musk's friendship with Donald Trump made him $203 billion richer in 2024

Elon Musk Donald Trump SpaceX Tesla Inc. Brian Armstrong Changpeng Zhao Jensen Huang Mark Zuckerberg Meta Nvidia

President-elect Donald Trump and Elon Musk (Credit: Photo by Chris Unger/Zuffa LLC)

Elon Musk capped off 2024 with an extraordinary boost to his wealth, becoming one of the biggest beneficiaries of the year’s historic surge among the world’s richest billionaires.

Elon Musk, already the world's richest person, saw his net worth grow by a staggering $213 billion this year alone—largely driven by his close ties to President-elect Donald Trump and the rallying performance of Tesla, SpaceX, and his other ventures.

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One subscription that gives you access to news from hundreds of sites

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