Elon Musk’s net worth tops $300 billion in wake of Trump victory
2 months ago

Elon Musk’s net worth tops $300 billion in wake of Trump victory

Deccan Chronicle  

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.Musk has added more to his personal fortune since Trump’s win than anyone else tracked by the Bloomberg Billionaires Index. Trump also voiced support for SpaceX, which makes up $82 billion of Musk’s net worth, and its push to reach Mars. It’s still short of his all-time high of $340.4 billion in 2021.Even before the election, Musk’s net worth had been on the rise, with strong Tesla earnings in mid-October adding $34 billion to his fortune in a day.Read More: Elon Musk’s Wealth Soars $34 Billion as Tesla Comes Roaring BackMost of Musk’s fortune is tied up in Tesla, the world’s largest electric-vehicle manufacturer, whose prospects depend heavily on the federal government. Musk said during a Tesla earnings call last month that he’d push for a federal approval process for autonomous vehicles — a centerpiece of the company’s future strategy — if selected for a role in the Trump administration.Trump initially said he’d roll back EV initiatives in his acceptance speech at the Republican National Convention in July, but changed his position a month later.“I’m for electric cars,” Trump said at a rally in Atlanta.

History of this topic

Musk acknowledges $2 trillion spending cut goal a long shot
1 hour, 5 minutes ago
Norway PM worried by Musk involvement in politics outside US
3 days, 7 hours ago
Tesla CEO Elon Musk donates shares worth $100 million to charities
4 days, 12 hours ago
Elon Musk remains wealthiest billionaire: Here’s the top 10
4 days, 19 hours ago
Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 5 hours ago
Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
6 days, 20 hours ago
'If you were a friend of Trump, you'd be worried': Billionaire's influence raises alarm
1 week, 1 day ago
'Donald Trump has a problem': MSNBC panel points to billionaire vs. MAGA civil war
1 week, 5 days ago
Trump’s net worth rose by billions this year despite legal challenges and a wild stock market. Here’s what it is now.
2 weeks ago
"Dire shortage": Elon Musk sparks MAGA backlash after calling for more immigrant workers
Trending News
2 weeks ago
Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington
2 weeks, 2 days ago
Trump takes a swipe at close pal Elon Musk and reveals why the billionaire will 'never' be president
Trending News
2 weeks, 2 days ago
Billionaire slips four notches to fifth on world’s richest list after losing $32 billion – find out who
2 weeks, 3 days ago
This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos
Trending News
2 weeks, 3 days ago
Can Elon Musk become US president? Donald Trump's big remarks amid raging debate
Trending News
2 weeks, 3 days ago
Fox News claims Trump is authorizing Elon Musk’s tweets: ‘They’re in lockstep’
2 weeks, 6 days ago
Trump team refutes ‘President Musk’s outsized influence on GOP
2 weeks, 6 days ago
Politics, discos, private islands: Billionaires spent big in 2024
2 weeks, 6 days ago
Musk ascends as a political force beyond his wealth by tanking budget deal
2 weeks, 6 days ago
'President Musk' trends after Trump's top oligarch torpedoes federal spending deal
2 weeks, 6 days ago
Democrats blast influence of ‘President Elon Musk’ over Trump amid spending deal row
Trending News
3 weeks ago
Political Reporter Says Elon Musk Is ‘Playing A Risky Game’ With Trump
3 weeks ago
Democrats Wonder If Elon Musk Is Trump’s ‘Shadow President’
3 weeks ago
Americans view both Musk and Trump roughly equally favorably, new poll discovers
3 weeks ago
Elon Musk's Favorability Is Similar To Donald Trump's, Poll Finds
3 weeks, 1 day ago
Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds
3 weeks, 1 day ago
Elon Musk, Trump are viewed roughly the same by Americans: AP-NORC poll
3 weeks, 1 day ago
Indonesia plans to pitch data-center opportunities to Elon Musk
3 weeks, 2 days ago
Elon Musk, now worth over $400 billion, leads Trump's super-rich administration
Trending News
3 weeks, 2 days ago
"Invitation for corruption": Warren suggests Elon Musk could be using Trump to make himself richer
3 weeks, 2 days ago
Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 weeks, 2 days ago
Nvidia’s Jensen Huang is third-highest net worth gainer, after Elon Musk and Mark Zuckerberg
3 weeks, 2 days ago
Elon Musk’s net worth reaches historic peak. What is it?
3 weeks, 5 days ago
Trump set to scrap car-crash regulation Musk hates: Report
3 weeks, 5 days ago
The Anti Elon Tesla Club: How Tesla EV owners are distancing themselves from Musk over ties with Trump
3 weeks, 6 days ago
Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
3 weeks, 6 days ago
Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
4 weeks ago
How Elon Musk became the first person with net worth of $400 billion
4 weeks ago
SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era
4 weeks ago
Elon Musk’s net worth reaches historic peak. What is it?
Trending News
4 weeks ago
How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark
4 weeks ago
Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
4 weeks ago
Elon Musk becomes first person to cross $400 billion in wealth
4 weeks ago
Elon Musk becomes first person in history with $400 billion net worth
4 weeks ago
Elon Musk becomes the first person on earth to reach a net worth of $400 billion
4 weeks, 1 day ago
Not just Elon Musk: Silicon Valley's tech bosses poured millions into US presidential campaign
1 month ago
Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
1 month ago
Elon Musk Spent $270 Million to Support Trump’s Presidency
1 month ago
Trump adds more billionaires to his administration after promising to help ‘everyday Americans’
1 month ago
Elon Musk spent over $250 million to help Trump get elected, new filings show
Top News
1 month ago

Discover Related