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Life is good for Elon Musk: He added to his wealth following Donald Trump's victory!

succeedwithyou

7 Nov, 2024

Following Donald Trump's victory in the most recent U.S. presidential election, Elon Musk's wealth reportedly increased by around $20 billion.

Donald Trump's re-election as President of the United States four years later greatly benefited Elon Musk. During the election process, Musk openly expressed his support for Trump and played a significant role in related efforts. As a result, Musk's wealth saw a significant increase following the announcement of Trump's victory. Here are the details!

Elon Musk's wealth increased by $20 billion following Trump's victory.

Following Donald Trump's victory in the most recent U.S. presidential election, Elon Musk's wealth reportedly increased by around $20 billion. Reports emphasize that this surge was largely driven by a significant rise in the value of Tesla shares.

According to the Bloomberg Billionaires Index, Elon Musk's wealth stands at approximately $290 billion, while the Forbes Billionaires List estimates it at around $285 billion. Additionally, it is noted that a large portion of Musk's fortune is tied to Tesla's market performance, with companies like X and SpaceX also contributing to his financial strength.

To elaborate, following Trump's election victory, Tesla's market value surged by approximately $120 billion, surpassing the $900 billion mark. In essence, Elon Musk, who reaped the rewards of his support for the U.S. President, made headlines by donating around $120 million to Trump's campaign during the election period.

In fact, after Trump's win, he referred to Musk, one of his most prominent supporters, using terms like "super genius." Trump also praised Musk's contributions through companies like SpaceX and Starlink, highlighting their role in strengthening the national resilience of the United States.

What do you think about this topic? Feel free to share your thoughts with us in the comments section!

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