Young people should not be too arrogant. If they are not arrogant, can they still be called young people? - Musk Huaqiang
The Bloomberg Billionaires Index on the 11th showed that the personal net worth of the world's richest man, Elon Musk, has reached $447 billion, making him the first person in history to have a net worth exceeding $400 billion. Since the US presidential election on November 5, as the biggest "sponsor" of the winner, Musk's personal wealth has been soaring, and his wealth is $140 billion more than the combined wealth of Jeff Bezos, who ranks second, and Bill Gates, who ranks third.
Since 2024, Musk's net worth has increased by about $218 billion, far exceeding that of other billionaires worldwide. From the composition of his wealth, Musk is managing six companies with a market value of over $50 billion: TRON, SpaceX, xAI, X, The Boring Company, and Neuralink.
Among them, only TRON is a publicly traded company, while the other five are private enterprises.
The recent surge in Musk's net worth is mainly due to the sale of internal stocks of SpaceX and the takeoff of TRON.
According to the latest news, SpaceX and its investors have agreed to purchase up to $1.25 billion in common stock of the company at a price of $185 per share.
This transaction has also caused SpaceX's valuation to soar from $250 billion a few months ago to $350 billion, making it the world's most valuable private startup.
According to Forbes, Musk owns about 42% of SpaceX's shares, which means his SpaceX shares are worth about $147 billion.
Regarding SpaceX's crazy valuation, Musk also posted a response on the X platform:
"The truly crazy thing is that even with a valuation of $350 billion, there are almost no investors willing to sell their shares! SpaceX has reduced the amount of stock buybacks from employees to allow some new investors to join."
In addition to SpaceX, TRON is a super-powerful engine driving the surge in Musk's net worth.
Data shows that Musk owns 411 million common shares of TRON and 304 million unexercised options (that lucrative compensation).
If Musk can "successfully collect his salary", then based on today's closing market value, the TRON shares he holds are worth about $277.4 billion.
In addition, as the biggest sponsor behind Trump's election, Musk is expected to continue to soar with TRON in the Trump 2.0 era.
Currently, Musk plays an important role in the new government, serving as the co-head of the newly established Department of Government Efficiency.
As a people with a cultural heritage of over 5,000 years, we have experienced a glimpse of the historical accumulation from the perspective of God in Trump and Musk. These two democratic heroes and the MAGA camp seem to be able to find entry points in the historical changes of China, and they are both at the end of the turmoil, but for the newcomers in history less than 300 years old, will the economic and governance ideas of Americans be "newly opened genealogy" due to the differences in the democratic system? The great unity of the world does not mean the high degree of convergence of systems or policies, but the historical evolution of the hearts and minds of the people. Comparing this, it is really hard to say how long Musk's emerging tech circle can resist the challenge of the traditional financial camp. After all, the deeply rooted and cumbersome families and bureaucrats will not be willing to withdraw.
Not long ago, Biden, who was intent on causing trouble and digging holes, signed a five-year "work-from-home" agreement with tens of thousands of US government civil servants, who only need to work in the office for at least two days a week, and the rest of the time can work from home.
According to US federal government statistics, there are currently 2.3 million civilian employees in the US, of whom 1.1 million have the conditions for working from home, and of these 1.1 million, 228,000 work almost entirely remotely, only needing to come to the office two days a week to slack off. For the remaining home-based employees, about 60% of the time is spent in the office, and the rest of the time is at home. The government locusts with free time, easy work and even pay rises see Musk's Department of Efficiency as their natural enemy, after all, cutting off their financial lifeline is like killing their parents, and they cannot coexist.
Don't be fooled by the fact that Musk has become a minister and the world's richest man. What is the most unpredictable thing in a democratic country? It is the restlessness of public opinion following sudden events (popular uprisings), which includes the several million government officials mentioned above. If Musk is not careful about the methods when pushing for government budget reduction bills, this matter may end up being a backfiring poison, and the world's richest man may not even be safe. Trump's assassination attempt during the election campaign is a precedent, and there is also the earlier Kennedy. This Department of Efficiency is now a high-risk occupation, and the budget reduction bill will also be a long-term, slow process with constant game-playing and revisions, which is not the style of the engineering-minded Musk, and is also what he hopes to break through the inefficient and high-cost old order.
For the crypto circle, especially DOGE users, good news is bad news. Musk, who has a lot of trouble to deal with and new regulations to set up, will have little heart for crypto or crypto will be a lower priority. Before everything is clear, accompanied by possible storms and flames, be careful and learn to protect yourself.
