# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DFQ-QvIq8Nn
- **Gondola URL:** https://gondola.cc/posts/26236065-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/623bad32f9.jpg
- **Posted:** 2025-01-25T22:23:35.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Elon Musk has always been a headline magnet, but his 2024 financial performance was in a league of its own. His net worth soared by an astonishing $203 billion over the year, making him the first person in history to surpass a $400 billion net worth.

For a leap year like 2024, that breaks down to approximately $554.64 million a day, $23.11 million an hour or a jaw-dropping $6,420 per second. While these numbers make for great trivia, they're not reflective of an hourly wage – it's more about the rapid growth of his assets, primarily tied to Tesla and SpaceX stock.

So, what does the richest man spend his ballooning fortune on? 

Spending Big on Family and Foundations 
After vowing in 2020 to "own no house," Musk changed course, purchasing a $35 million estate in Austin, Texas, for his 11 children and their mothers. The 14,400-square-foot compound includes an adjacent six-bedroom mansion, ensuring his younger kids grow up together. This marks a shift from his minimalist stance, as he previously sold seven California homes for $128 million in 2022. 

Politics: Musk's Quiet Power Play 
In 2024, Musk became the largest political donor, contributing $277 million to various causes, including $239 million to a Trump-supporting PAC and $20 million to soften Trump's abortion stance. He also spent $40.5 million on voter petition efforts. While his camp called it an "investment in democracy," critics questioned his growing influence. 

What About the Rumors? 
Speculation swirled about Musk eyeing a $100 million Mar-a-Lago penthouse or buying Boeing and CNN, but these were debunked. Meanwhile, Tesla launched its Tiny House initiative, underscoring Musk’s commitment to sustainability. 

What's the Real Story? 
Musk's wealth surged at a staggering $554 million per day in 2024, balancing lavish spending with market dominance. His fortune isn’t just cash—it's momentum, shaping industries from space travel to politics.

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## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Benzinga | News That Moves | @benzinga | https://gondola.cc/benzinga | Brand |
| Jacob Shipley | @okcmayor | https://gondola.cc/okcmayor | Director of Social Media |

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