3 Reasons Why Elon Musk Will Get Richer in 2025

Elon Musk of Tesla Motors
Nvidia Corporation / Flickr.com

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Elon Musk, the world’s richest person, isn’t slowing down. His path to even greater fortune is clearer. Musk currently has an estimated net worth of $442 billion as of December 13, according to the Bloomberg Billionaires Index. With strategic political influence, EV and space travel dominance and AI, 2025 might just be the year he becomes the world’s first trillionaire. Here’s why his wealth is poised to skyrocket.

Political Influence

Musk’s net worth has soared by a staggering $213 billion so far this year, thanks to Donald Trump’s victory in the U.S. presidential election in November. His appointment as head of the Department of Government Efficiency (DOGE) is a golden opportunity. 

For the tech billionaire, this new role may help him ease regulatory restrictions, which can result in faster project approvals and more wealth. Since several of Musk’s companies have current government investigations and lawsuits, these may as well go away with this leadership.

“One of the primary factors that led to the outcome of the 2024 election was the economy. With more at stake in the economy than anyone else and companies centered on future possibilities and committed to innovations, Elon Musk has the potential to experience significant financial gains, boosting him to trillionaire status,” said Melanie Musson, insurance and finance expert at Clearsurance.

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Additionally, if Trump’s leadership results in tax breaks for innovative companies, Tesla and SpaceX (NASA-affiliated starship program) will have a place at the head of the line. All these could add billions to Musk’s net worth.

Dominance in the EV Market and Space Travel

Tesla is the mother of the EV market and it’s one of the major drivers of Musk’s wealth. Since the announcement of Trump’s victory, Tesla rallied, skyrocketing Musk’s net worth by at least $80 billion.

However, according to Vince Stanzione, founder of First Information, “The old saying ‘it’s better to travel than arrive’ maybe true in 2025 when it comes to Tesla and I do not expect it to be a good year for Tesla shareholders and, in turn Mr. Musk. Whilst Elon Musk may be Donald Trump’s new golden boy, the relationship can sour very quickly and his attention has not been on running Tesla or its shareholders.”

Musk is also the cofounder and CEO of SpaceX, a rocket manufacturing company. SpaceX is currently valued at $350 billion, according to Bloomberg. Musk teaming up with NASA could propel his net wealth to greater heights. The billionaire owns 42% of SpaceX, which has launched over 400 rockets since its inception and over four million subscribers for Starlink internet service. 

The Rise of xAI

Most people know Musk as the face of Tesla and SpaceX, but his new startup, xAI, is laying the groundwork for his next big wealth surge. xAI is an artificial intelligence firm founded in 2023. The startup is currently valued at $50 billion, according to the Wall Street Journal. This valuation is $6 billion more than what the tech billionaire paid to acquire X, the social platform formerly called Twitter.

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Besides Tesla, SpaceX, X and xAI, Musk owns other companies, including Neuralink (a brain chip firm) and The Boring Company (a construction firm that builds tunnels). “Because of Elon Musk’s diversified portfolio of companies, even if one company doesn’t perform as well in 2025 and beyond, there are other companies that can balance any potential losses. It’s like an average person’s good investment strategy but millions or billions of times bigger,” Musson added.

Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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