Elon Musk just made history again! Elon Musk’s net worth has surged by an astounding $18.2 billion in just one day, thanks to a massive 9.8% rise in Tesla’s stock price on April 25. Tesla shares closed at $284.95, marking their highest gain in months. With this jump, Musk’s total wealth has now reached an estimated $335 billion, according to the Bloomberg Billionaires Index.

Boost from Strong Results

The impressive rise in Musk’s net worth was driven by investor confidence, following Tesla’s strong quarterly results, which surpassed market expectations. As a result, analysts have also upgraded their ratings on Tesla, contributing to the surge in stock price. This surge in Tesla’s value helped fuel Musk’s wealth increase. Despite this, his wealth is still down by about $97.7 billion this year, marking a 22.6% decline from January’s peak levels.

xAI Holdings Plans Massive Fundraising

Elon Musk’s AI company, xAI Holdings, is currently in discussions with investors to raise approximately $20 billion. This funding aims to support the growth of both xAI and Musk’s social media platform “X,” which he acquired in 2022. A portion of the new funds will be directed toward reducing the significant debt from the Twitter acquisition. If the deal is finalized, it would become the second-largest startup funding round in history, following OpenAI’s $40 billion raise earlier this year.

  • xAI Holdings is in talks to secure $20 billion in funding.
  • This funding will support the growth of both xAI and Musk’s platform “X.”
  • A portion will help reduce the debt Musk incurred from acquiring Twitter.

Tesla Remains the Core of Musk’s Wealth

Tesla is still the main pillar of Musk’s fortune. He owns about 13% of the company’s shares.
Musk also holds roughly 304 million stock options linked to a controversial 2018 compensation plan. Although a Delaware court earlier ruled to cancel that package, and the decision was upheld after a shareholder vote, these options are still included in wealth estimates while the case is under appeal.

Musk’s Expanding Business Empire

Beyond Tesla and xAI, Musk’s business interests cover several industries.
He owns about 42% of Space Exploration Technologies Corp. (SpaceX), valued at nearly $350 billion during a late-2024 tender offer. He is also involved in Neuralink and The Boring Company, adding even more to his technological empire.

Musk’s Growing Political Influence

In addition to his business achievements, Musk’s political profile has expanded significantly over the past year.

  • He became the largest private donor to Donald Trump’s 2024 U.S. presidential campaign, contributing more than $277 million.
  • Following Trump’s election victory, Musk was appointed to head the newly created Department of Government Efficiency, established by Congress.

This growing political influence adds a new dimension to Musk’s already powerful business presence.

Financial Risks on the Horizon

While Musk’s businesses are thriving, there are risks too. About 58% of his Tesla shares are pledged as collateral for personal loans, capped at $3.5 billion according to regulatory filings.
This setup provides Musk with liquidity but also puts him at risk of margin calls if Tesla’s stock drops sharply.

No Signs of Slowing Down

At 53, Musk continues to push the boundaries of innovation. Recent achievements include Neuralink’s first successful human brain implant, SpaceX’s successful retrieval of its Super Heavy rocket booster, and exciting new projects under xAI Holdings. His determination and focus remain strong as he leads multiple ventures to new heights.