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

PM Modi: India-Ethiopia relations have become stronger, and the two countries are now strategic partners; eight agreements have been signed.

The historic relationship between India and Ethiopia reached new heights on Tuesday. Following ex

Lokah Chapter 1: Kalyani Priyadarshan's 'Lokah Chapter 1' continues to dominate the box office. Know the earnings of the 11th day.

It has been 11 days since the release of the Malayalam film 'Lokah Chapter 1' today on the second

Mission Impossible 8 Worldwide Collection: Tom Cruise's mission was a success, dominating foreign markets on the third day

Huge crowds are flocking to the theatres to watch Tom Cruise in the role of Ethan Hunt in 'Missio

Veteran Tamil actor Rajesh Williams passed away at the age of 75, Rajinikanth expressed grief by posting.

Veteran actor and businessman Rajesh Williams died in Chennai on Thursday, May 29. He was 75 year

One Nation One Election: 'One country one election is not undemocratic', Law Ministry listed the benefits of simultaneous elections to the joint committee

The Union Law Ministry has praised the 'One Nation, One Election' Bill. The ministry has told the

Oil Prices in India: If Iran closes the 'Strait of Hormuz' then what is India's Plan B, Petroleum Minister revealed the strategy

Amid rising tensions in West Asia, the Indian government is keeping a close watch on the supply a

Uttam Mohanty Dies: Big blow to Odia film industry, veteran actor Uttam Mohanty passes away.

A sad news related to Odia cinema has come to light. Veteran actor Uttam Mohanty has said goodbye

Delhi Weather: Strong storm, rain and hail changed the mood of the weather... When will it rain now, what will be the speed of the wind?

The sun rained fire from the sky throughout the day in the capital on Wednesday, and people were

Nepal Protest: Nepal boiled over the voice of a 36-year-old youth, who is Sudan Gurung, who shook the Oli government.

On Monday morning, lakhs of youth took to the streets in Nepal. The anger of the youth was sparke

Khel Ratna Awards: 'The decision is now in the hands of the country', Manu's father suspects conspiracy on Khel Ratna, know what he said

Top pistol shooter Manu Bhaker, who was reportedly not nominated for the country's biggest sports