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Elon Musk’s historic investment: His wealth broke a record, gained 646 times

byadmin
November 23, 2024

The wealth of Elon Musk, the biggest winner of the US elections, broke a record. Musk’s total wealth increased to $348 billion. Musk, who spent $130 million during the election process, earned $84 billion in the meantime. Thus, the return on election spending was 646 times.

Elon Musk was one of the biggest winners of Donald Trump’s election victory. Following the rally in Tesla shares, the electric vehicle company took Musk’s fortune to a record level. According to the Bloomberg Billionaires Index, Musk’s wealth has increased to approximately $348 billion.
Musk, who is Trump’s biggest supporter, donated more than $130 million during the campaign. Musk’s wealth has increased by $84 billion since the election. As of November 5, his total wealth was around $264 billion.
The 3.8 percent increase in Tesla’s shares yesterday was effective in Musk’s wealth. In addition, artificial intelligence startup xAI raised $5 billion in a financing round, raising the company’s value to $50 billion.
Musk, the world’s richest name, increased his wealth by 119 percent this year.
Amazon founder Jeff Bezos, who has $219 billion in assets, is second on the list.
According to analysts, expectations that Tesla could gain a privileged position after Trump was elected president have begun to be bought.
byadmin
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