Donald Trump has delivered numerous memorable lines throughout the years, but one particular statement from April 12, 2024 truly stands out. During a rally, he confidently proclaimed, “We’re going to achieve so many victories that you might even grow weary of winning. You’ll find yourself saying, ‘Please, please. It’s an overwhelming amount of triumph. We simply can’t handle it anymore. Mr. President, it’s just too much.'”
He could have been easily referring to his new close friend and the country’s first buddy, Elon Musk, who is now on an unstoppable winning streak since Donald Trump regained power. Elon Musk, who was already a major player in the business world, has now solidified his position in history as the richest person ever. Thanks to a staggering $70 billion increase in his net worth after Donald Trump’s election victory, Musk’s fortune has skyrocketed to unprecedented heights. This has not only made him the wealthiest person currently alive but also the richest individual ever documented by Forbes.
How Elon Must made his money ? Detailed analysis after the election
Elon Musk’s incredible post-election wealth spike of $70 billion has made him the richest person in history and cemented his supremacy in a number of industries. The surge in Tesla’s stock following Donald Trump’s win signaled a significant turning point and demonstrated Musk’s capacity to match his business endeavors with advantageous changes in the law and market conditions.
In the weeks immediately following the U.S. presidential election, Musk’s wealth increased by $70 billion due to:
- Tesla’s Stock Surge: Tesla’s shares surged 40% after the election, hitting a 3.5-year high. Investors expect fewer regulatory obstacles for Tesla’s Full Self-Driving (FSD) program under Trump’s administration, which prioritizes deregulation.
- Confidence of Wall Street – With as follow Trump’s pro-business policies, Musk’s close alignment with the new administration reassured markets about a favorable environment for Elon Musk’s companies, especially SpaceX and Tesla.
- AI Valuation will be Boost: This extraordinary windfall not only highlights Musk’s business acumen but also his calculated political maneuvers. Musk’s generative AI company, saw its valuation soar to $50 billion, adding an additional $13 billion to his fortune.
Record Break changes in worth : From $200 Billion to $334.3 Billion
Just before the six months ago Musk’s net worth, was below $200 billion and not it has skyrocketed to $334.3 billion. This latest change came primarily from a 40% post-election rally in Tesla’s stock, fueled by Wall Street optimism over Trump’s business-friendly policies.
His fortune increased by $13 billion when his generative AI business, xAI, surged to a $50 billion valuation and his 42% stake in SpaceX was valued at $88 billion.
Musk’s stakes in other ventures also contributed to his record wealth.
His 42% share in SpaceX is valued at $88 billion, and his generative AI company, xAI, swelled to a $50 billion valuation, adding $13 billion to his fortune.