Forbes or Bloomberg Billionaires Index

Elon Musk's Net Worth Soars $33.5 Billion as Tesla Stock Surges 22%

Oct 24, 2024, 09:05 PM

Elon Musk, the world's richest person, has seen a significant increase in his net worth following a major rally in Tesla's stock. On Thursday, Tesla shares surged by 22%, resulting in Musk's net worth rising by approximately $33.5 billion, bringing his total to around $270 billion. This increase was driven by Tesla's latest earnings report, which led to an 18% rise in the company's stock. Musk's wealth soared by $34 billion as Tesla shares posted their biggest gain in more than a decade. Musk has expressed confidence in Tesla's future, predicting it will become the most valuable company in the world.