Elon Musk’s Wealth Surges Beyond $300 Billion as Tesla Shares Soar After Trump’s Election Victory

In a major milestone, Elon Musk’s net worth has now surpassed $300 billion, spurred by a sharp rise in Tesla’s stock following Donald Trump’s recent presidential victory. According to Forbes' Real-Time Billionaires list, Musk’s wealth now stands at an impressive $304 billion, making him the only individual in history to hold a fortune above this mark.

Tesla’s Stock Rallies, Propelling Musk’s Wealth

Tesla's stock saw a significant 8.19% spike on Friday, reaching $321.22 per share. This increase alone boosted Musk’s fortune by 4.71% in a single day. Before the election, his net worth was $250 billion, but with Tesla shares rallying 30% over the week, Musk’s wealth leaped by more than $54 billion in just five days.

Trump’s Election Victory and Musk’s Influence

Musk’s public support for Trump’s campaign and his appearances at Trump rallies have only strengthened his influence in Washington. Trump’s election has seemingly benefited Musk directly, aligning with his vision for Tesla and securing the support of a business-friendly administration. Reports suggest Musk has been in close contact with the incoming administration, recently participating in a call between Trump and Ukrainian President Volodymyr Zelenskyy.

Musk’s Peers Among the World’s Richest

Musk now leads the world’s wealthiest, with Oracle’s Larry Ellison in second place at $230.7 billion, followed by Amazon’s Jeff Bezos at $224.5 billion, Meta’s Mark Zuckerberg at $203.8 billion, and Bernard Arnault and family of LVMH with $165.5 billion. Trump’s re-election brought his support for several tech billionaires, including Ellison, Bezos, Zuckerberg, and Google’s Larry Page.

What Trump’s Policies Could Mean for Tesla

With Musk’s fortune tied closely to Tesla’s performance, the future looks promising under Trump’s presidency. Musk has expressed interest in shaping the regulatory framework for autonomous vehicles, a sector vital to Tesla’s growth. A favorable stance on EVs and autonomous tech could further fuel Tesla’s ambitions in the U.S. market.

As Musk’s wealth and influence continue to grow, his connection to the new administration and his role in advancing policies for the tech and automotive industries could play a crucial role in the next chapter of Tesla's—and Musk’s—success.

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