Elon Musk Becomes $373 Million Richer After Tesla’s Stock Rise, Far and Away the World’s Wealthiest Person

Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention Center in Washington on March 9, 2020. Brendan Smialowski/AFP via Getty Images

The gap between Elon Musk and the other ultra-wealthy continues to widen with increased valuations for Tesla and SpaceX.

What Happened

Tesla shares hit a high of $900.00 Thursday, nearly hitting their all-time high of $900.40, after releasing third-quarter earnings.

The stock closed at $894, up 3 percent on the day, setting a split-adjusted record close for shares of the electric vehicle company.

Musk’s Wealth

Musk added $373 million to his personal wealth Thursday, according to Bloomberg’s Billionaire Index. The additional value takes Musk’s net worth to $242 billion, a gain of $72 billion in the year-to-date period.