Cryptocurrency supporter Elon Musk has become the richest person in the world with his record wealth.

One of the prominent figures in the world of cryptocurrency and technology, Elon Musk, has increased his wealth to $348 billion with the recent rise in Tesla shares and a $50 billion investment round for the artificial intelligence company xAI. This development has made Musk the richest person of all time. In addition to his financial success, Musk's witty comments in the media are also noteworthy.

The Rise in Tesla and SpaceX Shares Has Brought Musk to $348 Billion

The fortune of Elon Musk, one of the leading names in the technology and cryptocurrency world, has risen to $348 billion with recent developments. Behind this increase is the remarkable rise in Tesla shares, which have Bitcoin investments, and the $50 billion investment made in the artificial intelligence initiative xAI.

The value of Tesla shares reached $352.56 with a 3.8% increase on November 22. According to the latest market data, the company's shares have doubled in value over the past six months. The shares approached the peak of $407 seen in November 2021 by 15%. Notably, the 45% increase recorded since November 4 has contributed $350 billion to the company's market value.

This striking increase in the billionaire entrepreneur's wealth comes from his 13% stake in Tesla and 42% stake in SpaceX. SpaceX reached a valuation of $210 billion in June. A new funding round planned for the company is expected to occur with a valuation of $250 billion, adding another $18 billion to Musk's wealth.

Musk, who is also the owner of the X (formerly Twitter) platform, recently made an interesting statement regarding the sale news of MSNBC. Responding humorously to Donald Trump Jr.'s comment, the famous entrepreneur said, "If I buy MSNBC, I want Rachael Maddow's position. I will wear her clothes and glasses and say the same lies." This statement came after Comcast announced its plans to divest MSNBC and CNBC.