Elon Musk, the world’s richest billionaire, saw his net worth jump by a record $33.5 billion in just one day, bringing it up to $270 billion. This huge increase came after a strong rise in the stock of his electric vehicle company, Tesla, following impressive company results.
According to the Bloomberg Billionaires Index, Elon Musk, who is 53 years old, gained $33.5 billion in net worth in one day, reaching a total of $270 billion. In 2024, his wealth has already grown by $41.1 billion, and 81.31% of this increase happened in just one day on October 24, 2024. His total net worth rose by 15% in one day, largely due to his 13% stake in Tesla. This is the biggest jump in Tesla’s stock since May 2013. Tesla initially launched its IPO in 2010.
In the last quarter, Tesla saw its biggest profit increase since 2023. Elon Musk has forecasted a 30% growth in vehicle sales by 2025. He also shared that the Cybertruck generated profit for the company for the first time this quarter. Tesla’s stock surged by 22%, adding $33.5 billion to Musk’s net worth in one day. Musk further announced that Tesla aims to roll out the Cybercab and Robotaxi by 2026, with a production target of 2-4 million units.
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Elon Musk remains at the top of the Bloomberg Billionaires Index. Jeff Bezos, with a net worth of $209 billion, holds the second spot, with a $61 billion difference between the two.
