In the wake of Donald Trump’s victory in the 2024 U.S. presidential election, Elon Musk, CEO of Tesla and SpaceX, has seen his wealth skyrocket, surpassing the $300 billion mark. According to Forbes’ Real-Time Billionaires list, Musk is now the only person on the planet with a fortune exceeding $300 billion, standing at an impressive $304 billion today. This remarkable financial surge is directly tied to the impressive performance of Tesla stock, which has gained more than 30% over the past five days.
Tesla Stock Surge Powers Musk’s Fortune
Tesla’s stock has surged dramatically, with a single-day increase of 8.19% on Friday, pushing shares to $321.22. This gain has boosted Musk’s net worth by 4.71%, catapulting it from around $250 billion before the election to the current $304 billion. As one of the world’s richest individuals, Musk’s wealth continues to grow, reflecting the growing influence of his business ventures and investments.
Trump’s Victory and Musk’s Financial Windfall
One key factor driving Musk’s extraordinary wealth increase is his close ties with Donald Trump. Musk, a vocal supporter of Trump during the 2024 campaign, not only endorsed the Republican candidate but also participated in rallies and publicly supported his political agenda. In turn, Trump offered his endorsement of Musk, which has contributed to Musk’s rising fortunes following Trump’s win. The alignment between Musk and Trump appears to have played a significant role in Musk’s wealth expansion post-election.
Top Billionaires in the US Following Trump’s Election Victory
Following Musk’s remarkable wealth gain, several other billionaires have seen their fortunes continue to rise. According to Forbes’ Billionaire Rankings, here are the top billionaires in the world:
- Larry Ellison (Oracle) – $230.7 billion
- Jeff Bezos (Amazon) – $224.5 billion
- Mark Zuckerberg (Meta) – $203.8 billion
- Bernard Arnault & Family (LVMH) – $165.5 billion
Notably, Jeff Bezos, Larry Ellison, Mark Zuckerberg, and Larry Page of Google also endorsed Trump during the 2024 U.S. election, reinforcing the political influence of these high-net-worth individuals.
Musk’s Expanding Political Influence and Ambitions
Elon Musk’s influence extends beyond business and politics. His recent involvement in a high-profile phone call between U.S. President-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy underscores his growing political role. As Musk’s influence in both the business and political spheres continues to rise, he has also expressed a willingness to take on a position within the Trump administration.
In particular, Musk has indicated that he would champion a comprehensive federal regulatory framework for autonomous vehicles should he be appointed to a government position. This would align with his long-standing interest in advancing the future of electric vehicles and self-driving technology, which could further shape the future of transportation in the United States.
