Elon Musk has reached an unprecedented level of wealth, as per Forbes’ calculations. The world’s richest individual saw a significant increase in his fortune following the surge in Tesla’s stock prices after the election victory of his close associate, Donald Trump. Musk’s net worth hit a record $321.7 billion at the close of the market on Friday, with Tesla shares rising by 3.8% to a new 3.5-year high of $352.56 per share. This surpasses the previous peak of $320.3 billion set on November 5, 2021, during Tesla’s pandemic-era boom. Additionally, the valuation of Musk’s generative artificial intelligence company, xAI, has grown to $50 billion, as reported by The Wall Street Journal. This increase has added another $13 billion to Musk’s wealth, bringing his total net worth to $334.3 billion, given his 60% ownership of the AI firm. Musk once again holds the largest fortune ever recorded by Forbes, breaking his own record from 2021. His wealth has grown by approximately $70 billion since Election Day, driven by a 40% rise in Tesla shares, as Wall Street anticipates a more favorable regulatory environment for Tesla under Trump’s administration, particularly for its self-driving vehicles.