The gain brought the fortune of the world's richest person to US$270.3 billion.
The gain brought the fortune of Mr Elon Musk – already the world's richest person – to a whopping US$270.3 billion.– Mr Elon Musk added US$33.5 billion to his net worth on Oct 24 as Tesla shares posted their biggest gain in more than a decade, extending the world’s richest person’s lead atop the Bloomberg Billionaires Index.
Mr Musk forecast as much as 30 per cent growth in vehicle sales in 2025 on a webcast following the release and announced that the Cybertruck generated a quarterly profit for the first time. Mr Musk’s wealth gain was his third-largest and brought his fortune to US$270.3 billion, US$61 billion ahead of second-place Jeff Bezos. Tesla shares and options account for about three-quarters of his fortune, which also includes large stakes in SpaceX, social-media platform X and artificial intelligence company xAI.
Mr Trump said he would ask Mr Musk to head up a new department focused on minimising bureaucratic red tape, nicknamed the department of government efficiency, if he were elected to a second term.
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