Trump’s Election Win Boosts Elon Musk’s Net Worth by $26.5 Billion*

After Donald Trump’s victory in the US presidential election, Elon Musk saw a massive rise in his wealth. The world’s richest man, who was a vocal supporter and donor to Trump’s campaign, had his net worth surge by $26.5 billion, reaching a total of $290 billion, according to Bloomberg. 

Shares of Musk’s companies, particularly Tesla, also saw a significant jump, with Tesla’s stock rising 14.75% to $288.53 per share. The election result also boosted the fortunes of other billionaires, including Amazon’s Jeff Bezos, whose wealth rose by $7.14 billion to $228 billion, and Oracle co-founder Larry Ellison, whose net worth increased by $9.88 billion to $193 billion. Following Trump’s win, the US stock market experienced a general uptick.