Elon Musk’s Net Worth Soars to $335 Billion After Tesla Rally and AI Momentum
Elon Musk’s wealth jumped by $18.2 billion on Thursday, April 24, following a nearly 10% surge in Tesla Inc. shares.
According to the Bloomberg Billionaires Index, Musk’s total net worth has now reached approximately $335 billion.
Tesla’s stock closed the day at $284.95, gaining 9.8%—its biggest single-day increase in several months. The rise was fueled by stronger-than-expected quarterly results and a wave of positive analyst upgrades, restoring investor confidence.
Despite this significant daily gain, Musk’s net worth remains about $97.7 billion lower than its January peak, marking a 22.6% year-to-date decline.
At the same time, Musk’s AI company, xAI Holdings, is reportedly in discussions to raise around $20 billion, according to Bloomberg. The funds would support both xAI and X (formerly Twitter), which Musk took private in 2022.
Part of the capital is expected to help reduce the substantial debt Musk took on during the Twitter acquisition. If finalized, the deal would be the second-largest startup funding round ever, behind only OpenAI’s $40 billion raise earlier this year, based on PitchBook data.
Tesla remains the foundation of Musk’s massive fortune. He owns roughly 13% of the publicly traded company and holds around 304 million stock options tied to a controversial 2018 pay package. Though a Delaware court ruled to void the award earlier this year—a decision upheld by a shareholder vote—the options are still counted in wealth calculations pending appeal.
Beyond Tesla and xAI, Musk’s business empire spans several industries. He owns about 42% of SpaceX, which was valued at nearly $350 billion following a tender offer in late 2024. His portfolio also includes Neuralink and The Boring Company, expanding his reach into biotechnology and infrastructure.
This latest surge in wealth caps a year of intense expansion for Musk across technology, AI, aerospace, and politics. Notably, he was the largest private contributor to Donald Trump’s 2024 presidential campaign, donating over $277 million. Following Trump’s victory, Musk was appointed head of the newly created Department of Government Efficiency.
However, Musk’s financial strategy involves considerable risk. About 58% of his Tesla shares are pledged as collateral for personal loans, with borrowing limited to $3.5 billion, according to regulatory filings. While this provides liquidity, it also exposes him to potential margin calls if Tesla’s stock price drops sharply.
Now 53, Musk continues to make bold moves. Recent highlights include Neuralink’s first human brain implant, SpaceX’s successful recovery of its Super Heavy rocket booster, and a series of ambitious AI projects under xAI Holdings.