With shares if Tesla surging after Donald Trump's election victory, Elon Musk's net worth surpassed $300 billion, according to Bloomberg Billionaires Index.
YES!
— Elon Musk (@elonmusk) November 9, 2024
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What is Elon Musk's exact net worth?
Tesla stock soared around 28 per cent, taking Musk's fortune to $313.7 billion with a leap of $50 billion. The business mogul, who owns X, is the biggest gaining individual since Trump's emphatic victory.
However, this is not the first time Trump's net worth crossed the $300 billion mark. In 2021, his fortune was touched an all-time high of $340.4 billion.
This comes after the President-elect announced that his policies would benefit the SpaceX founder, including support for the astronautics firm's push to reach Mars.
— Elon Musk (@elonmusk) November 9, 2024
Musk, on the other hand, had donated a whopping $1 million to Trump's presidential race.
Another move by Trump in Musk's favour was backtracking from his July announcement to slow the transition to electric vehicles. In August, after Musk backed and donated for the Trump campaign, the Republican said, "I am for electric cars. I have to be, because Elon endorsed me very strongly."
A strong earnings report by the car-maker also boosted Musk's fortune in mid-October, raising his net worth by $34 billion in a single day.
The Republican has also hinted that Musk will be given the role of an advisor.
