Elon Musk got richer by $37.3 billion in a week

Elon Musk, a well-known entrepreneur and owner of Tesla and SpaceX, has earned $37.3 billion over the past five days. This is his biggest weekly increase since March 2022, which is significantly higher than before his purchase of Twitter.

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This rapid rise in wealth was observed against the backdrop of a sudden increase in the value of Tesla shares. This follows reports that the company has received approval from Chinese officials to introduce its driver assistance system to the Chinese market.

The latest developments have further boosted Musk's financial success. On Monday alone, he increased his revenue by $18.5 billion.

Elon Musk's net worth of $201.5 billion is closing in on Amazon owner Jeff Bezos, who still held the second spot on the list of the world's richest people.

Source: Bloomberg