look news india
After Donald Trump’s victory in the US presidential elections, there has been a tremendous increase in the wealth of Tesla CEO Elon Musk. Since the announcement of Trump’s victory last week, Elon Musk’s net worth has increased by $ 70 billion, crossing $ 300 billion and reaching $ 320 billion. The special thing is that during the entire election campaign, Elon Musk remained engaged in ensuring the victory of Donald Trump.
Increase in wealth of Elon Musk
According to Forbes Real-Time Billionaires Ranking, the wealth of 53-year-old Elon Musk, the world’s richest person, has increased to $ 320.2 billion. In second place is Larry Wilson of Oracle, whose wealth is $231.8 billion. There is a difference of 90 billion dollars between the assets of both. After Trump’s victory, shares of Elon Musk’s electric vehicle company Tesla have surged. Tesla shares surged 39 percent, adding $1 trillion to the company’s market cap. Due to the surge in Tesla shares, Elon Musk’s wealth has increased by $ 70 billion in just a week.
Donald Trump’s victory is certain
To help Donald Trump win the election, Elon Musk funded a swing state operation to redistribute voters to the right. Elon Musk also used X extensively to support Donald Trump. Now Elon Musk is trying to take full advantage of the investment made in making Donald Trump win. Many people in the Trump administration may be like Elon Musk.
Musk’s business will benefit
Donald Trump will assume the post of US President for the second time in January 2025, after which it is believed that Elon Musk’s business empire is going to benefit a lot. Musk is constantly talking about reducing the powers of American regulatory authorities, due to which there are difficulties in carrying forward his business. Many of Elon Musk’s companies are embroiled in legal disputes related to the investigation.