Elon Musk's net worth surged by $16 billion (£12 billion) on Monday to $453 billion (£341.1 billion), according to Bloomberg's Billionaires Index. The massive wealth surge in a single day could be attributed to the Tesla (NASDAQ:TSLA) stock price gaining 5.4% in a single trading session and SpaceX's Starship megarocket hitting key milestones on the same day.
The Tesla stock is up over 72% in the past six months, despite phases of volatility due to lower sales, rising competition, the end of electric vehicle tax breaks, and brand damage due to Musk's political involvement with DOGE.
