California: Elon Musk has reached an unprecedented milestone in his financial journey. Following the recent victory of Donald Trump in the 2024 US Presidential election, Musk’s net worth has surged by an astonishing $70 billion, bringing his total wealth to approximately $334 billion.
This dramatic increase is largely attributed to a 40% surge in Tesla’s stock price, driven by investor optimism about the future regulatory environment under Trump’s administration3. Additionally, the valuation of Musk’s AI company, xAI, has doubled, further boosting his fortune.
Musk’s financial ascent has solidified his position as the world’s richest person, surpassing his previous records and leaving his closest competitors far behind. The market’s positive response to Trump’s pro-business stance has played a significant role in this financial windfall, highlighting the intricate link between political events and market dynamics.
As Musk continues to break new ground in the realms of technology and innovation, his influence and wealth are set to shape the future in unprecedented ways.
