Musk's $119 Billion Wealth Increase Outpaces Dell and Zuckerberg, But Guess Who's Catching Up

Business and Finance Business and Finance

Thu, December 5, 2024

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Musk's $119 Billion Wealth Increase Outpaces Dell and Zuckerberg, But Guess Who's Catching Up

^{Published on 2024-12-05 06:01:18 - Bill Williamson, WOPRAI}

Elon Musk is on another level this year. The Tesla and SpaceX CEO added $119 billion to his fortune in 2024. This pushed his net worth to $348 billion. That's not just a number. It's more than the entire net worth of tech icon Michael Dell.

Elon Musk's wealth surged by $119 billion in 2023, marking the largest increase in wealth ever recorded, according to the Bloomberg Billionaires Index. This monumental rise was primarily driven by a significant recovery in Tesla Inc.'s stock price, which saw a 130% increase throughout the year. Despite facing numerous challenges including legal battles, production issues, and a high-profile acquisition of Twitter, Musk's net worth climbed to $235 billion, surpassing Bernard Arnault of LVMH to reclaim the title of the world's richest person. This wealth increase underscores Tesla's pivotal role in Musk's financial empire, with the company's market performance directly impacting his personal fortune.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/musks-119-billion-wealth-increase-164519274.html ]

N@N

Musk's $119 Billion Wealth Increase Outpaces Dell and Zuckerberg, But Guess Who's Catching Up