Elon Musk's Fortune Soars Most Since Pre-Twitter Purchase. See Details
NDTV
In the past five days, Elon Musk, the world's third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index
Elon Musk's net worth is soaring after it plunged to the lowest level in almost a year.
In the past five days, the world's third-richest person has gained $37.3 billion in net worth, according to the Bloomberg Billionaires Index. That's his largest weekly gain since March 2022, just before he agreed to buy Twitter Inc. for $44 billion in one of the biggest leveraged buyout deals in history. Since then, his fortune has tumbled just as often as it has increased after a breathtaking ascent in 2020 and 2021.
Tesla Inc. shares rallied the most in more than three years Monday following reports that it received in-principle approval from Chinese officials to deploy its driver-assistance system in the world's biggest auto market. That followed news last week that the electric-vehicle maker plans to introduce a less-expensive car as soon as this year, which eased concerns about disappointing earnings.