After Donald Trump's victory in the US presidential election, tesla CEO Elon Musk's wealth has skyrocketed. Since Trump's victory was announced last week, Elon Musk's net worth has increased by $70 billion and it has crossed $300 billion and reached the level of $320 billion. During the entire election campaign, Elon Musk was engaged in ensuring Donald Trump's victory.
Elon Musk's wealth increased by $70 billion
According to forbes Real-Time Billionaires rankings, the wealth of the world's richest 53-year-old Elon Musk has reached $320.2 billion. Oracle's Larry Wilson is in second place with a net worth of $231.8 billion. There is a gap of $90 billion between the two. The stocks of Elon Musk's electric vehicle company tesla have seen a strong jump after Trump's victory. Tesla's stock has jumped 39 percent and the company's market cap has increased by $1 trillion due to this. The rise in Tesla's stock is the reason why Elon Musk's wealth has increased by $70 billion in a week.
Ensured Donald Trump's victory
To ensure Donald Trump's victory in the election, Elon Musk funded a swing state operation to register voters who were inclined towards the right-wing. Elon Musk also made full use of his social media platform X to support donald trump, which he bought in the year 2022. Now Elon Musk is trying to take full advantage of the investment he has made to ensure Donald Trump's victory. There may be many people in the trump administration that may be of Elon Musk's liking.
Musk's business empire will benefit
donald trump will take over as US President for the second time in january 2025, after which it is believed that Elon Musk's business empire is going to benefit greatly. Musk has been constantly talking about reducing the powers of the US regulatory authority, which is creating difficulties in taking his business forward. Many of Elon Musk's companies are embroiled in legal disputes regarding investigations.
click and follow Indiaherald WhatsApp channel