When Donald Trump became the President, Elon Musk's wealth increased so much that you will not believe that no one in history is so rich!

Posted on 12th Dec 2024 10:44 am by rohit kumar

During the US presidential election, Elon Musk, the owner of SpaceX, Tesla, and social media platform X, was in the news. Tesla CEO Elon Musk spent money like water for Republican Party candidate Donald Trump in the US presidential election. At the same time, big news has come out about his wealth. According to a Bloomberg report, Elon Musk has become the first person in history to reach a net worth of more than $ 400 billion. Elon Musk has achieved this feat after the recent insider share sale and the results of the US election.

 

According to the Bloomberg Billionaires Index, the internal share sale of Elon Musk's company SpaceX has increased Elon Musk's total wealth by about $ 50 billion, taking Musk's total wealth to $ 439.2 billion. At the end of 2022, SpaceX owner Elon Musk's total wealth saw a decrease of more than $ 200 billion. However, after Donald Trump was elected as the new President of the United States last month, his supporter Elon Musk has gained a lot.

 

Tesla Inc. shares rise 65 percent.

 

According to Bloomberg's report, Tesla Inc. shares have risen by about 65 percent since the US presidential election. Markets anticipate that Donald Trump will streamline the rollout of autonomous cars and eliminate tax credits for electric vehicles that help Tesla's competitors.

 

At the same time, Elon Musk will also play an important role in the administration of newly-elected President Donald Trump after being named as the co-head of the newly formed government Department of Government Efficiency (DOGE).

Other news

Save Aravalli: A desert will form near Delhi in a few years; 31 hills of the Aravalli range have disappeared under the guise of legal and illegal mining.

Thirty-one hills of the Aravalli range, which are vital to the entire NCR region, including Delhi

MahaKumbh 2025: Companies spent five thousand crores on brand and promotion, the price increased four times compared to the last Kumbh

Companies spend money lavishly to make their brands reach the millions of people who come to take

Mahakumbh 2025: This time a unique coincidence is being made in Mahakumbh after 144 years, 'Amrit Snan' will happen on Makar Sankranti

The Maha Kumbh (Mahakumbh 2025) started with the holy dip of Paush Purnima on Monday at the Trive

A war of words over SIR: Are BLO deaths also a drama? Akhilesh asks PM Modi's 'delivery, not drama' jibe.

The winter session of Parliament has begun with a stormy start. The opposition created a ruckus o

'Do you remember 8th March': 'Hopefully the message of Rs 2500 will come' Atishi wrote a letter to CM Rekha reminding her of PM's promise.

Leader of Opposition in Delhi Assembly Atishi has written a letter to Chief Minister Rekha Gupta

Jaya Bachchan: 'This is shameful; you can't stay angry for 24 hours, ' said Ashok Pandit on Jaya Bachchan pushing him

Bollywood actress and MP Jaya Bachchan is once again in the headlines due to her anger. On Tuesda

'Today's youth are not slaves', Nepal's celebrities warned the government; said- 'Ignoring Zen-G will be dangerous'

Nepal's prominent personalities have warned the government and political parties not to underesti

DC vs RR: Delhi and Rajasthan will be eyeing a comeback, will Karun get a chance after a brilliant innings?

Rajasthan Royals and Delhi Capitals will try to forget their defeat in the last match and make a

'We are proud of you...' This special person had advised Dhanashree Verma to separate from Yuzvendra Chahal

Cricketer Yuzvendra Chahal and Dhanashree Verma's divorce was once one of the most talked-about t

Puri Stampede: 147 people recorded their statements in the Puri stampede case. The investigation committee will submit its report on July 30

The investigation committee has recorded the statements of 147 people in the stampede case during