Trump Victory: Elon Musk’s Net Worth Crosses $300 Billion Amid Tesla Share Surge
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With a wealth of $304 billion, Elon Musk is currently the only person on the planet who has a net worth over $300 billion, according to Forbes’ Real-Time Billionaires list.
Elon Musk vehemently supported Donald Trump in US Election.
The net worth of Tesla CEO Elon Musk has crossed the $300 billion mark even as the electric vehicle automaker’s shares skyrocketed over 30 per cent in the past five days following Donald Trump’s victory in the US presidential election. With a wealth of $304 billion, Musk is currently the only person on the planet who has a net worth over $300 billion, according to Forbes’ Real-Time Billionaires list.
Tesla’s shares on Friday surged 8.19 per cent to touch $321.22 billion. Following this, Elon Musk’s fortune increased by 4.71 per cent to $304 billion in a day on Friday. Before the US election results, his wealth had stood at nearly $250 billion.
In the past five days, the Tesla stock has jumped nearly 30 per cent.
The share price surge comes after Donald Trump achieved a historic victory in the US presidential election, thus securing his return to the White House as the US president after four years. Elon Musk vehemently supported Trump during his campaign and attended his rallies, while Trump also openly endorsed Musk. As a result of this, Trump’s victory has boosted Musk’s furtune.
After Elon Musk, Oracle’s Larry Ellison is the second richest person on the planet with a wealth of $230.7 billion. Jeff Bezos follows with $224.5 billion net worth, followed by Mark Zuckerberg with $203.8 billion wealth and Bernard Arnault & family having a net worth of $165.5 billion.
Donald Trump, who has become the 47th President of USA, endorsed top billionaires during his election campaign, including Elon Musk, Jeff Bezos, Oracle’s Larry Ellison, Meta’s Mark Zuckerberg, and Google’s Larry Page.
Recently, after the Trump election, Elon Musk on Friday reportedly joined the call between US President-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy, indicating the growing influence of the Tesla CEO in the second Trump administration.
A significant portion of Elon Musk’s wealth is connected to Tesla, the leading electric vehicle producer globally, whose future is strongly influenced by federal policies. During a recent Tesla earnings call, Musk expressed that if he were appointed to a position in the Trump administration, he would advocate for a federal regulatory framework for autonomous vehicles, a key element in Tesla’s long-term strategy.
