According to reports from various US media outlets on November 7th, after Republican presidential candidate Trump secured a victory in the 2024 US presidential election, Elon Musk, a well-known American entrepreneur and CEO of Tesla, saw a significant increase in his assets, securing his position as the world’s richest man.
According to Newsweek, Musk’s net worth increased by approximately $20 billion, with about $13 billion of the increase coming from a significant rise in Tesla’s stock price. It is reported that Musk owns over 411 million shares of Tesla stock, accounting for approximately 13% of the company’s issued common stock, making him the largest individual shareholder.
In addition, Musk also holds significant stakes in social media platform X (formerly known as Twitter) and SpaceX. According to Forbes’ real-time billionaire ranking, Musk’s recent net worth is approximately $285.2 billion.
The report pointed out that the rise in Tesla’s stock price coincided with Trump securing a victory in the US presidential election. Earlier, the Associated Press analyzed that Trump’s situation was favorable in several key swing states. Musk has been exposed to have donated nearly $120 million to Trump’s campaign.
On November 6th local time, in his victory speech, Trump praised Musk as a “rising star” and “super genius”, and emphasized Musk’s achievements at SpaceX. Trump said, “Musk is a special person, he is a super genius. We must protect our genius
After Trump secured the victory in the US presidential election, Musk posted on social media on the 6th local time, stating that “the future will be bright” and accompanied it with a photo of a rocket launch.
