Elon Musk’s net worth is currently greater than the combined market capitalization of three of the top five crypto projects: Tether, Solana, and XRP.
According to Bloomberg, Musk's holdings totaled $439.2 billion after the insider sale of SpaceX shares. Based on CryptoSlate data, Tether's current market cap is approximately $139.7 billion, Solana's market cap is approximately $109.7 billion, and XRP's market cap is approximately $136.4 billion.their combined numbers are lower than Musk's total.
In theory, Musk could buy all the tokens of all three projects if he could afford it. However, given the liquidity of both Musk's net worth and the market, this becomes purely academic.
Musk is currently just $30 billion behind Ethereum's $479 billion market cap.
Musk's net worth has surpassed $400 billion following a turnaround since late 2022. His involvement in the political arena, including support for President Donald Trump, coincided with a surge in Tesla stock after the November election.
Tesla's value has risen about 65% since then as investors weigh potential policy changes affecting self-driving cars and competing tax credits. Musk's new artificial intelligence company, xAI, has more than doubled in valuation since May, reflecting widespread market interest.
A recent deal in which SpaceX acquired $1.25 billion in stock from insiders boosted the company's valuation to nearly $350 billion, further boosting Musk's fortune. His role as co-head of the Department of Government Efficiency (DOGE) also increases his influence in Washington.
