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

Mehul Choksi: The petition to declare Mehul a fugitive economic offender has been pending for seven years; ED had filed the application

The Enforcement Directorate's (ED) plea to declare absconding diamond trader Mehul Choksi, arrest

Sanam Teri Kasam Re-Release: 'Sanam Teri Kasam' will rock the box office on the very first day, tickets worth so many crores sold.

The 2016 classic cult movie Sanam Teri Kasam has been released in theatres again. Surprisingly, t

'Rahul Gandhi roams around with a book, he...' Giriraj Singh took a dig at the Hemant government along with the Congress.

Speaking on the Emergency, Union Textiles Minister Giriraj Singh said that Indira Gandhi, in her

Kalki 2: After Deepika's exit from 'Kalki 2', director Nag Ashwin's cryptic post said,

Deepika Padukone's fans were shocked when news broke that she would no longer be a part of the se

IND vs AUS: Jadeja was not aware of Ashwin's decision to retire, and said - I came to know five minutes ago

Indian team's experienced all-rounder Ravindra Jadeja was not aware of the team's former off-spin

Paresh Rawal Bday: Suniel Shetty wishes Paresh Rawal on his birthday, users request him for 'Hera Pheri 3'

Bollywood's finest actor Paresh Rawal is celebrating his 70th birthday today. For the last few da

Another temple in Sambhal: 152-year-old Banke Bihari ancient temple found in Muslim settlement; now in ruins

After finding the ancient temple in Sambhal, now a 152-year-old Banke Bihari ancient temple has b

The Raja Saab Teaser Out: Is it a sin or Shah Rukh's love? A new twist of fear and fun in Prabhas' horror comedy

The teaser of Prabhas' upcoming film The Raja Sahab has been released and it has increased the im

Baba Siddique: 'Salman Khan was Bishnoi's target, NCP leader...', police makes big revelation in Baba Siddique murder case

Mumbai Police on Monday filed a chargesheet in the murder case of Nationalist Congress Party (NCP

Waqf Act Row: Hearing on petitions against Waqf Amendment Act in Supreme Court today, many states have challenged it

The Supreme Court will hear petitions against the constitutional validity of the Waqf (Amendment)