American billionaire Elon Musk made profits close to $ 11 billion added to his fortune in just two days.
According to the Bloomberg Billionaires Index, Elon Musk's net worth has increased by $10.6 billion to $145.2 billion since he testified in court on Friday, marking the biggest gain in two days since last November.
Where a US civil court heard his testimony in a case due to a tweet dating back to 2018, in which he indicated his plan to delist Tesla from the stock exchange and transfer it to a private company with a guarantee of financing.
Elon Musk was sued by Tesla shareholders after he tweeted that he had secured financing to take Tesla back private at $420 a share in 2018.
However, the deal never happened, and the investors are suing Musk, seeking billions of dollars in damages.
Elon Musk testified in court that he relied on selling shares in SpaceX to make Tesla private when he posted the tweet.
And he said: My shares in (SpaceX) alone mean that financing is guaranteed in itself.
Since the beginning of the year, Elon Musk has added about $8.3 billion to his fortune, which now stands at the level of $145 billion, but it is still far from the profits in wealth that Bernard Arnault, the richest man in the world today, added to his fortune since the beginning of the year. 2023, amounting to $ 27.5 billion, with a total wealth of $ 190 billion.
And last year, Elon Musk became the first and only person in history to lose $200 billion of his net worth.
Much of Elon Musk's wealth is linked to his stake in Tesla, but the electric car maker's stock fell by about 70% in approximately 2022, as investors questioned Mast's commitment to Tesla after his $44 billion acquisition of Twitter.
By current calculations, Elon Musk's net worth has now fallen by about $195 billion from its peak.
