Vikrant Shekhawat : Nov 09, 2024, 09:33 AM
Elon Musk Net Worth: Elon Musk remains in the news due to his rapidly increasing net worth. Since Donald Trump's victory in the US presidential election, Musk's wealth is increasing so much every day that his total net worth has exceeded the total wealth of many billionaires. According to the Bloomberg Billionaires Index, Musk's total wealth has crossed the $300 billion mark. This is three times more than Mukesh Ambani's net worth, which shows that Musk's wealth graph has made history. For the first time in the last three years, Musk's net worth has crossed the $300 billion mark.Musk's wealth jumps due to Trump's victoryAfter Donald Trump won the presidential election, investors' inclination has shifted towards Tesla. Musk had supported Trump during the election, and since his victory, Tesla's shares have seen a huge jump. The day Trump won, Musk's wealth increased by $26.5 billion, which is a record in itself.Due to the increase in Musk's net worth, investors are hoping that Trump's government will adopt favorable policies for Musk's business. It is being speculated that Trump may ban Chinese self-driving electric vehicles, which will create more opportunities for the American electric car company Tesla. For this reason, investors are rapidly buying Tesla shares. Tesla's stock has increased by about 28 percent since Tuesday, due to which Musk's net worth jumped by $ 17.4 billion on Friday and reached $ 314 billion.The second place in the world in terms of wealth after Musk is Jeff Bezos, whose net worth is $ 230 billion. Although Bezos is also among the richest people in the world, Musk has still kept a considerable distance from him in terms of wealth.Decline in the net worth of Ambani and AdaniOn the other hand, the net worth of India's two richest people, Mukesh Ambani and Gautam Adani, has seen a decline. Reliance Industries Chairman Mukesh Ambani's wealth has declined by $1.66 billion, leaving his total wealth at $97.1 billion. At the same time, Adani Group Chairman Gautam Adani's wealth also declined by $1.33 billion, bringing his net worth to $92.3 billion.Global impact of Musk's growing influenceThis surge in Elon Musk's net worth not only reflects the growth of his companies, but also shows how successful leadership and technological innovation can become a symbol of economic power in markets around the world. Musk's surge in wealth is also strengthening investors' confidence in the US technology sector, while Asia's wealthy businessmen are feeling the need for new strategies to stay ahead in this competition.Elon Musk's growing business and growing wealth have not only made him the richest person in the world, but his growing wealth is also indicating a change in the economy at the global level.