Brief by Shorts91 Newsdesk / 06:00am on 09 Nov 2024,Saturday Business
Elon Musk's net worth has surpassed $300 billion for the first time in nearly three years, driven by a surge in Tesla shares. This increase is linked to Musk's close ties with President-elect Donald Trump, who has expressed support for Tesla's electric vehicle initiatives and SpaceX's Mars ambitions. Trump's backing has boosted investor confidence, with Tesla's stock rising 28% recently, adding $50 billion to Musk's fortune. The Bloomberg Billionaires Index notes Musk's wealth growth outpaces anyone else, reaching $313.7 billion. Analysts believe Musk's strategic relationship with Trump has been a significant factor in this financial gain.
