Rich Get Richer: Elon Musk’s Net Worth Rockets $27 Billion Higher on Strong Tesla Earnings

The industrialist is now worth $270.4 billion, boosted by an electric quarter for his car company

The world’s richest man just got a lot richer. Elon Musk, thanks to Tesla’s stock price racing higher following a strong earnings report, saw his net worth increase $26.9 billion on Thursday.

That pushed his net worth to $270.4 billion, according to Forbes’ real-time billionaires tracker. Musk, who runs Tesla, SpaceX and X, now leads Oracle co-founder Larry Ellison, the guy behind him in the rich guy rankings, by $58.2 billion. (Ellison is worth $212.2 billion.)

The 53-year-old Musk saw his net worth surge on Thursday because Tesla’s stock price jumped 21.9% percent — marking the car company’s biggest single-day stock increase since 2013.

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