Musk Adds $25 Billion in One Day as Tech Rally Boosts Fortunes

Elon Musk just hit a new milestone: He made a record $25 billion in one day.
Tesla Inc.’s 20% jump on Tuesday -- its biggest in more than a year -- pushed the billionaire founder’s fortune to $174 billion, closing the gap with Jeff Bezos, the world’s richest person, according to the Bloomberg Billionaires Index. The top 10 largest wealth gainers, all from the tech industry, added $54 billion combined.
After three weeks of declines that sent the Nasdaq 100 Index down 11% from a peak, U.S. tech shares staged a stellar rally on Tuesday that lifted almost all of the gauge’s members. The surge in Bezos’s Amazon.com Inc. helped him gain $6 billion, taking his net worth to $180 billion, while Colin Huang of Chinese online shopping platform Pinduoduo Inc. added almost as much.
$25 Billion in One Day

Elon Musk led gains among tech tycoons Tuesday