Elon Musk’s personal fortune jumped by $18.2 billion on Thursday, after Tesla Inc. shares recorded their strongest daily gain in months. Tesla stock rose 9.8%, closing at $284.95.
Musk’s net worth now stands at approximately $335 billion, according to the Bloomberg Billionaires Index.
The surge in Tesla’s stock came amid renewed investor optimism following stronger-than-expected quarterly results and a series of analyst upgrades. Despite the sharp rally, Elon Musk’s year-to-date wealth remains down by about $97.7 billion, marking a 22.6% decline from January highs.
Similarly, Musk’s newly merged artificial intelligence venture, xAI Holdings, is reportedly in talks with investors to raise around $20 billion in fresh funding, according to Bloomberg.
The investment would support the combined growth of xAI and Musk’s social media platform X, formerly known as Twitter, which he took private in 2022.
Part of the new funding is expected to help Musk pay down the substantial debt he took on to acquire Twitter. If completed, the deal would become the second-largest startup funding round in history, trailing only OpenAI’s $40 billion raise earlier this year, according to PitchBook.
Tesla remains the foundation of Musk’s fortune, with the billionaire owning about 13% of the company’s publicly traded shares.
He also holds approximately 304 million stock options from a disputed 2018 compensation agreement.
Musk also holds around 304 million stock options tied to a controversial 2018 compensation plan.
Although a Delaware court voided the package earlier this year — a decision later reinforced by a shareholder vote — the options are still included in wealth estimates pending a final appeal outcome.
Beyond Tesla and xAI Holdings, Musk’s business empire is extensive.
He owns roughly 42% of Space Exploration Technologies Corp. (SpaceX), which was valued at nearly $350 billion in a late-2024 tender offer.
