Musk’s Fortune Soars by Most Since Before Twitter Purchase

His fortune climbed by $37.3 billion in a week as Tesla soared
Tesla surged on tentative driver system approval from China

Elon Musk
Photographer: Etienne Laurent/AFP/Getty Images

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By Diana Li and Jack Witzig

April 29, 2024 at 8:47 PM UTC

This article is for subscribers only.

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.