Elon Musk becomes richest person ever as net worth crosses $340 billion

Elon Musk's net worth has hit all-time high of $348 billion, surpassing its previous $340 billion peak recorded in 2021, Bloomberg reported. Musk is currently the richest he's ever been and the wealthiest person ever, said Forbes. His net worth's rise is driven by Tesla's ongoing stock rally and his xAI being valued at $50 billion in new funding round.