New York: With Trump’s victory, Elon Musk’s total wealth (capital) increased by $ 70 billion to $ 347.8 billion. While the value of his AI company XAI has doubled.
It is noteworthy that just a month ago, Musk’s total capital (wealth) was only 200 billion dollars. But after Trump’s victory, Tesla’s shares have increased by 40 percent. Whereas XAI has reached its double level.
Musk’s victory chariot is not stopping, it has gone far ahead of expectations. His AI company XAI is taking off at rocket speed. Musk’s net worth information is taken from the Bloomberg Billionaires Index.
November 5, (the day of US election results) proved to be a day of change in fortunes for Musk. Tesla’s share price increased by 40 percent. By the time the stock market closed on Friday, the total assets of its shares had increased by $7 billion to $321.7 billion. Tresla’s growth of 3.82 played an important role in this.
It also increased during the pandemic, reaching ₹320.3 billion in November 2021. Whereas now his current net worth is estimated at $347.8 billion.
Sources say Musk’s position in the Trump administration will create favorable regulations for Tesla. Additionally, sources estimate that the net worth of SpaceX’s largest shareholder, SpaceX-CEO, increased by approximately $83 billion following those election results.
On the other hand, newly elected President Donald Trump is so impressed by Elon Musk’s efficiency that he may appoint Elon Musk as the head of the newly formed Department of Government Efficiency (DOGE).
