Elon Musk News / Musk's net worth increased after Trump's victory, he became the richest person

Elon Musk News: Donald Trump's return to the US presidential election has given a new dimension not only to political but also to economic movements. If anyone has benefited the most after this victory, then it is the world's renowned entrepreneur and Tesla CEO Elon Musk. Trump's victory has not only increased Musk's wealth tremendously, but has also officially made him the richest person in history.

New record of Elon Musk's wealth

According to the Bloomberg Billionaires Index, Elon Musk's total wealth has now reached $347.8 billion. After Trump's victory, investors' confidence in Musk's companies has increased, due to which Tesla's shares saw a 40% increase. This new level of his wealth is the highest level in the last 3.5 years.

November 5: Day of change

November 5, i.e. after the results of the presidential election were announced, Musk's fortunes took a new turn. Tesla's shares reached a record high in the market, leading to a huge increase in Musk's wealth. Trump's victory created a positive environment for Musk's companies, indirectly boosting many of his projects.

xAI: Historic surge in Musk's AI company

Elon Musk's AI company xAI was also not unaffected by this change. According to the Wall Street Journal, the value of xAI has increased to more than $50 billion in recent weeks. Musk holds a 60% stake in this company, which has added $13 billion to his net worth. After Trump's victory, xAI saw a record $70 billion rise, making it one of the leading AI companies in the field.

Trump and Musk's partnership

Elon Musk has been a major donor and supporter in Donald Trump's election campaign. Musk actively supported Trump not only by donating money but also through his social media platform X (formerly Twitter). After Trump's victory, there are chances that Musk may play an important role in his administration.

Tesla's flight

Tesla's shares saw an unprecedented surge after the election. Musk's electric vehicle company, already a leader in the EV sector, has now won even greater trust from investors globally. This boom has contributed a major boost to Musk's personal wealth.

Musk: Regaining the crown of richest person

Trump's victory has made Musk the richest person once again. His growing influence associated with Tesla, xAI, and other tech projects has established him as an economic force.

What's the way forward?

Elon Musk's wealth and influence are largely influenced by his relationship with Donald Trump. His potential role in the Trump administration could bring even greater opportunities for his businesses.

Conclusion

Donald Trump's presidential election victory is not only giving a new turn to US politics but also opening the door to new possibilities for industrialists like Elon Musk. Tesla, xAI, and Musk's other companies are now in an even stronger position globally. This partnership will not only impact the tech sector but could also reshape future global economic strategies.