On Friday, Elon Musk, the wealthiest individual in the world, along with six others, collectively earned $16.054 billion within the past 24 hours as global stocks rebounded following an agreement reached by United States lawmakers to suspend the nation’s debt ceiling for the next two years.
Elon Musk led the pack, earning $4.61 billion, bringing his year-to-date increase to $62.5 billion and raising his net worth to $199 billion.
Bernard Arnault, the second richest person, saw his net worth rise by $3.99 billion to $29 billion, while Jeff Bezos, the well-known owner of Amazon, added $1.64 billion, resulting in a year-to-date change of $40.9 billion and a net worth of $148 billion. Bill Gates followed with an increase of $1.94 billion, placing him as the fourth richest individual with $128 billion.
Larry Ellison’s net worth surged by $419 million. Steve Ballmer and Warren Buffet gained $925 million and $2.53 billion, respectively.
Earlier this week, Elon Musk reclaimed his title as the richest person in the world, surpassing Bernard Arnault.
Musk had temporarily lost the top spot in December due to a drop in Tesla’s stock value following his $44 billion acquisition of Twitter. A significant portion of Musk’s wealth is tied to Tesla’s stock, and he also serves as the CEO of SpaceX and owns Twitter.
Following a notable two-day visit to Shanghai, where he met with Chinese officials amidst ongoing U.S.-China tensions, analysts noted the importance of the Chinese market for Tesla.
Chinese Foreign Minister Qin Gang assured Musk of China’s openness to foreign businesses, prompting Musk to express interest in further expanding in China. This bolstered Tesla stock by 3.11 percent or $6.45 to $213.97 on Friday.