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Elon Musk's Net Worth Soars $26 Billion to $270 Billion, With $58 Billion Lead After Tesla's Largest Daily Gain

Oct 24, 2024, 08:55 PM

Elon Musk's net worth surged by approximately $26 billion on October 24, 2024, following a substantial rally in Tesla's stock price, which posted its largest daily gain since 2011. This increase in wealth brought Musk's total net worth to around $270 billion, solidifying his position as the world's richest person with a $58 billion lead over the second richest individual. The rally was attributed to positive market reactions to Tesla's latest earnings report, which encouraged Wall Street. Various reports indicated that Musk's wealth increase for the day ranged from $20 billion to $34 billion, reflecting the volatility and excitement surrounding Tesla's stock performance.