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

'If there is no temple by the user, then why should there be Waqf by user', SC lawyer Vishnu Shankar Jain raised questions on Waqf properties

Supreme Court lawyer Vishnu Shankar Jain has questioned the legitimacy of the concept of properti

SRH vs KKR: Hyderabad bid farewell with a win, defeated defending champion Kolkata; Klaasen scored a historic century

In the match played at Arun Jaitley Stadium, Sunrisers Hyderabad defeated Kolkata Knight Riders b

Raja Murder Case: There were marks of attack on Raja's head, Meghalaya Police told the story of collusion between Raj Kushwaha and Sonam

So far, five people including their wife Sonam have been arrested in the murder case of Indore-ba

Blast at Srinagar police station, nine dead: Mistake or terror... How did the Nowgam blast happen? The explosion shook the entire area.

A massive explosion rocked the Nowgam police station in Srinagar, Jammu and Kashmir, around 11:20

George Soros Row: BJP said- Congress is an anti-national force...; Opposition party's retort- Government has put relations at stake

Intensifying its attack on the Congress, the BJP on Monday accused Congress leaders of colluding

Deepti Sharma: Deepti Sharma makes history, becomes the highest wicket-taker in women's T20 Internationals.

Indian women's team's experienced all-rounder Deepti Sharma has created history during the fifth

Radhika Yadav Murder: Why is Radhika's family not breaking their silence, are they hiding any big secret?

Seven days have passed since the murder of national tennis player Radhika Yadav. Even now, the fa

Pariksha Pe Charcha: PM Modi will give exam tips to students; Deepika Padukone, Vikrant Massey, and these celebrities will also guide the students

Prime Minister Narendra Modi has urged students, teachers, and parents to join the 2025 'Pariksha

Gold Price Hike: Gold sets a new record, price crosses ₹1.60 lakh; find out the Gold price

Like silver, gold is also seeing a significant surge today. ​​Gold prices had also risen shar

A new era in the BJP: Nitin Naveen files nomination for the post of National President, set to be elected unopposed.

Bihar's young leader and former minister, Nitin Navin, has filed his nomination for the post of B