Tesla CEO Elon Musk’s wealth surged by $26.5 billion, over 12 per cent, to reach $290 billion shortly after Donald Trump secured a landslide victory in the US presidential election. According to the latest data from the Bloomberg Billionaire Index, Musk’s net worth jumped immediately on Wednesday after the electoral victory.
Investors grappled with the far-reaching effects of a Trump presidency, powering the US dollar higher and Bitcoin to a record. Shares of billionaire Elon Musk’s Tesla and other companies soared as they were seen benefiting from his return to the White House. Trump’s promise to make Musk head of a government efficiency commission after he backed Trump throughout his electoral campaign led to a 12.5 per cent surge in Tesla’s shares.
