Elon Musk remains world's richest as Tesla stock soars post-US election

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Elon Musk remains world's richest as Tesla stock soars post-US election

World

2024.11.07 11:01

SpaceX founder and chief engineer Elon Musk reacts at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. (Reuters)

After Republican presidential candidate Donald Trump secured victory in the 2024 US presidential election, Tesla CEO Elon Musk's wealth significantly increased, solidifying his position as the richest person in the world.

According to Newsweek, Musk's net worth surged by approximately US$20 billion, with around US$13 billion of the increase attributed to a sharp rise in Tesla's stock price. Based on Forbes' real-time billionaire rankings, Musk's current net worth is estimated to be around US$285.2 billion.

In addition, reports have surfaced that Musk donated nearly US$120 million to Trump's campaign. During his victory speech on November 6th, Trump praised Musk, calling him a "rising star" and a "super genius" while highlighting Musk's achievements with SpaceX.

Musk tweets with video, "The feeling of today's election!"

Live | Trump to declare victory

Tag:·Elon Musk net worth·Trump election victory 2024·Tesla stock surge·Musk’s campaign donation·Forbes billionaire rankings·SpaceX achievements·Musk world’s richest man·US election impact on Musk

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