Tag Archives: U.S. election

Elon Musk, the CEO of Tesla and SpaceX, has reached a net worth milestone of over $300 billion for the first time in nearly three years, following Donald Trump's win in the U.S. presidential election. The billionaire’s wealth surged after Tesla shares soared by 28%, adding approximately $50 billion to Musk's net worth, now valued at $313.7 billion according to Bloomberg's Billionaires Index. The market's optimism stems from Musk's close relationship with President-elect Trump, which investors anticipate could benefit Musk’s companies, particularly Tesla and SpaceX.

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