Place your bets, folks. Will Elon be toppled from his pole position within six months of Trump taking office?
According to WaPo, in March 2024 Elon's wealth portfolio broke down as:
- Tesla: 56%
- SpaceX: 33%
- X: 9%
- Boring Company: 1%
- Neuralink: 1%
Tesla stock has lost half its value since the start of the year, which alone represents a 28% drop in Elon's wealth. He is down to $319B, from his peak in the mid-400s.
Bezos and Zuck are in second and third, both at around $206B. Zuckerberg was actually at $250B a month ago but the tech drops have impacted Meta stock.
That said, I see no particular reason to think that META or AMZN will decline more than the market as a whole, certainly not more than Tesla, which has very strong reasons to decline.
Elon also owns a 42% stake in SpaceX, which recently set its own valuation at $350B. If accurate, that would make Elon's shares worth about $140B. He only owns 12% of Tesla, for comparison. People always think about Tesla as the source of Elon's wealth because the stock is such a meme and has exploded so much recently, and it's easy to follow, while SpaceX is a private company. But SpaceX is also an enormous chunk of his net worth.
Which makes it all the more relevant that SpaceX recently has been blowing up its own rockets left and right. Go key Teslas all you like, but it's SpaceX (and in particular, Starlink) that needs to self-destruct if Elon is really going to be humbled.
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